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Forex Trend Analysis Report

Prepared for you on Wednesday, February 5, 2025.

Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)

Sidelines Mode (+55) - HKDHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
50.37345 50.39425 50.36810 50.38180 +0.00835
Entry Signal

MarketClub’s Trade Triangles for HKDHUF

long term up The long-term trend has been UP since Oct 14th, 2024 at 47.37935

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2025 at 50.64000

short term up The short-term trend has been UP since Jan 29th, 2025 at 50.39375

Smart Scan Analysis for HKDHUF

Based on our trend formula, HKDHUF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HKDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.37345 50.39425 50.36810 50.38180 +0.00835
Prev. Close Volume Bid Ask Time
50.37345 2025-02-05 01:06:23
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