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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)

Weak Downtrend (-65) - HKDHUF is showing signs of a strengthening downtrend. Monitor HKDHUF as it may be building momentum to the downside.

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
40.0010 40.1961 39.7460 39.7936 -0.2074
Entry Signal

MarketClub’s Trade Triangles for HKDHUF

long term up The long-term trend has been UP since Mar 17th, 2020 at 40.33275

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2020 at 41.22010

short term down The short-term trend has been DOWN since May 26th, 2020 at 41.05670

Smart Scan Analysis for HKDHUF

Based on our trend formula, HKDHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for HKDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.0010 40.1961 39.7460 39.7936 -0.2074
Prev. Close Volume Bid Ask Time
40.0010 39.7794 39.8078 2020-06-02 05:30:52
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