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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)

Bull Market Weakness (+75) - HKDHUF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDHUF as it may be in the beginning stages of a reversal.

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
50.12165 51.07920 50.02965 50.96550 +0.84385
Entry Signal

MarketClub’s Trade Triangles for HKDHUF

long term up The long-term trend has been UP since Sep 28th, 2021 at 39.56275

intermediate term down The intermediate-term trend has been DOWN since Aug 4th, 2022 at 49.08005

short term up The short-term trend has been UP since Aug 15th, 2022 at 49.13525

Smart Scan Analysis for HKDHUF

Based on our trend formula, HKDHUF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for HKDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.12165 51.07920 50.02965 50.96550 +0.84385
Prev. Close Volume Bid Ask Time
50.12165 2022-08-16 06:49:10
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