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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Hungarian Forint/Japanese Yen (FOREX:HUFJPY)

Bull Market Weakness (+75) - HUFJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HUFJPY as it may be in the beginning stages of a reversal.

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.

FOREX_HUFJPY
Open High Low HUFJPY Price Change
0.411610 0.413705 0.411610 0.413550 +0.001940
Entry Signal

MarketClub’s Trade Triangles for HUFJPY

long term up The long-term trend has been UP since Sep 12th, 2022 at 0.368735

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 0.411120

short term up The short-term trend has been UP since Mar 14th, 2024 at 0.409240

Smart Scan Analysis for HUFJPY

Based on our trend formula, HUFJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for HUFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.411610 0.413705 0.411610 0.413550 +0.001940
Prev. Close Volume Bid Ask Time
0.411610 2024-03-19 02:09:06
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