Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
Hungarian Forint/Japanese Yen (FOREX:HUFJPY)
Sidelines Mode (+55) - HUFJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HUFJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for HUFJPY
The long-term trend has been UP since Sep 12th, 2022 at 0.368735
The intermediate-term trend has been UP since Apr 4th, 2024 at 0.420125
The short-term trend has been DOWN since Apr 18th, 2024 at 0.414815
Smart Scan Analysis for HUFJPY
Based on our trend formula, HUFJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.419280 | 0.420615 | 0.413150 | 0.413225 | -0.006055 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.419280 | 2024-04-18 22:27:35 |