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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)

Long-Term Uptrend (+90) - HKDHUF is in a strong uptrend that is likely to continue. While HKDHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
40.28680 40.30955 40.11015 40.14785 -0.13895
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 up The intermediate-term trend has been UP since Sep 17th, 2021 at 38.61960

short term up The short-term trend has been UP since Oct 20th, 2021 at 40.15545

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
40.28680 40.30955 40.11015 40.14785 -0.13895
Prev. Close Volume Bid Ask Time
40.28680 2021-10-22 06:38:55
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