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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for HKDHUF
The long-term trend has been UP since Mar 1st, 2024 at 46.51250
The intermediate-term trend has been DOWN since Jul 5th, 2024 at 46.35725
The short-term trend has been UP since Jul 23rd, 2024 at 46.03710
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 46.28865 | 46.34965 | 45.99345 | 46.20810 | -0.08055 |
| Prev. Close | Volume | Bid | Ask | Time |
| 46.28865 | 2024-07-26 16:59:23 |