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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)

Countertrend Up (+85) - HKDHUF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid HKDHUF?

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

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

FOREX_HKDHUF
Open High Low HKDHUF Price Change
47.27690 47.35055 47.25365 47.33655 +0.05965
Entry Signal

MarketClub’s Trade Triangles for HKDHUF

long term up The long-term trend has been UP since Mar 1st, 2024 at 46.51250

intermediate term up The intermediate-term trend has been UP since Jun 3rd, 2024 at 46.17305

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 47.17085

Smart Scan Analysis for HKDHUF

Based on our trend formula, HKDHUF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for HKDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
47.27690 47.35055 47.25365 47.33655 +0.05965
Prev. Close Volume Bid Ask Time
47.27690 2024-06-20 02:33:14
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