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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

Euro/Hungarian Forint (FOREX:EURHUF)

Weak Downtrend (-65) - EURHUF is showing signs of a strengthening downtrend. Monitor EURHUF as it may be building momentum to the downside.

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
357.2585 359.1200 357.1700 358.3300 +1.0715
Entry Signal

MarketClub’s Trade Triangles for EURHUF

long term up The long-term trend has been UP since Apr 30th, 2019 at 324.0135

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 357.6845

short term down The short-term trend has been DOWN since Nov 30th, 2020 at 360.6155

Smart Scan Analysis for EURHUF

Based on our trend formula, EURHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EURHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
357.2585 359.1200 357.1700 358.3300 +1.0715
Prev. Close Volume Bid Ask Time
357.2585 2020-12-04 10:01:24
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