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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

Euro/Hungarian Forint (FOREX:EURHUF)

Crossroads (+60) - EURHUF 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 EURHUF?

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

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

FOREX_EURHUF
Open High Low EURHUF Price Change
380.795 382.000 380.795 380.795 0.000
Entry Signal

MarketClub’s Trade Triangles for EURHUF

long term down The long-term trend has been DOWN since Nov 6th, 2023 at 378.2330

intermediate term up The intermediate-term trend has been UP since Dec 7th, 2023 at 382.1110

short term up The short-term trend has been UP since Nov 30th, 2023 at 380.7845

Smart Scan Analysis for EURHUF

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

+60
Smart Scan Analysis for EURHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
380.795 382.000 380.795 380.795 0.000
Prev. Close Volume Bid Ask Time
380.795 2023-12-09 07:07:03
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