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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Sidelines Mode (+55) - USDHUF 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 USDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDHUF
The long-term trend has been UP since Mar 1st, 2024 at 363.98
The intermediate-term trend has been UP since Apr 12th, 2024 at 368.78
The short-term trend has been DOWN since Apr 18th, 2024 at 367.18
Smart Scan Analysis for USDHUF
Based on our trend formula, USDHUF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 366.4125 | 366.7600 | 365.5200 | 365.6260 | -0.7865 |
| Prev. Close | Volume | Bid | Ask | Time |
| 366.4125 | 2024-04-26 02:29:28 |