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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Japanese Yen/Hungarian Forint (FOREX:JPYHUF)

Crossroads (-60) - JPYHUF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid JPYHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYHUF
Open High Low JPYHUF Price Change
2.4162786 2.4182216 2.4128761 2.4137589 -0.0025200
Entry Signal

MarketClub’s Trade Triangles for JPYHUF

long term down The long-term trend has been DOWN since Feb 5th, 2023 at 2.7185493

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 2.4327792

short term up The short-term trend has been UP since Mar 28th, 2024 at 2.4153580

Smart Scan Analysis for JPYHUF

Based on our trend formula, JPYHUF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for JPYHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4162786 2.4182216 2.4128761 2.4137589 -0.0025200
Prev. Close Volume Bid Ask Time
2.4162786 2024-03-29 05:56:23
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