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Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

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
392.045 392.775 392.045 392.561 +0.516
Entry Signal

MarketClub’s Trade Triangles for EURHUF

long term up The long-term trend has been UP since Feb 27th, 2024 at 390.5345

intermediate term down The intermediate-term trend has been DOWN since Jul 8th, 2024 at 392.0155

short term down The short-term trend has been DOWN since Jul 10th, 2024 at 391.7620

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
392.045 392.775 392.045 392.561 +0.516
Prev. Close Volume Bid Ask Time
392.045 2024-07-14 19:55:06
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