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Forex Trend Analysis Report

Prepared for you on Tuesday, November 28, 2023.

Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)

Long-Term Downtrend (-90) - HKDHUF is in a strong downtrend that is likely to continue. While HKDHUF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
44.45100 44.57110 43.94625 44.07020 -0.38080
Entry Signal

MarketClub’s Trade Triangles for HKDHUF

long term down The long-term trend has been DOWN since Nov 28th, 2023 at 44.04925

intermediate term down The intermediate-term trend has been DOWN since Oct 17th, 2023 at 46.37470

short term down The short-term trend has been DOWN since Nov 27th, 2023 at 44.48630

Smart Scan Analysis for HKDHUF

Based on our trend formula, HKDHUF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HKDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
44.45100 44.57110 43.94625 44.07020 -0.38080
Prev. Close Volume Bid Ask Time
44.45100 2023-11-28 15:21:37
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