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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Euro/Hungarian Forint (FOREX:EURHUF)

Long-Term Uptrend (+90) - EURHUF is in a strong uptrend that is likely to continue. While EURHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
364.1650 364.3620 363.1705 363.3875 -0.7775
Entry Signal

MarketClub’s Trade Triangles for EURHUF

long term up The long-term trend has been UP since Oct 18th, 2021 at 362.4595

intermediate term up The intermediate-term trend has been UP since Sep 17th, 2021 at 352.3770

short term up The short-term trend has been UP since Oct 18th, 2021 at 360.5040

Smart Scan Analysis for EURHUF

Based on our trend formula, EURHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for EURHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
364.1650 364.3620 363.1705 363.3875 -0.7775
Prev. Close Volume Bid Ask Time
364.1650 2021-10-22 06:55:14
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