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Forex Trend Analysis Report
Prepared for you on Wednesday, November 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.
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MarketClub’s Trade Triangles for HKDHUF
The long-term trend has been UP since Oct 14th, 2024 at 47.37935
The intermediate-term trend has been UP since Sep 9th, 2024 at 45.97775
The short-term trend has been DOWN since Nov 19th, 2024 at 49.24410
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 49.53805 | 49.80320 | 49.47475 | 49.79540 | +0.25735 |
| Prev. Close | Volume | Bid | Ask | Time |
| 49.53805 | 2024-11-20 03:51:38 |