Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, April 17, 2024.

Hungarian Forint/United Arab Emirates Dirham (FOREX:HUFAED)

Long-Term Downtrend (-90) - HUFAED is in a strong downtrend that is likely to continue. While HUFAED 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 HUFAED?

MarketClub looks at technical strength and momentum to determine if the timing is right for HUFAED.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HUFAED
Open High Low HUFAED Price Change
0.00988078 0.00997919 0.00984637 0.00997363 +0.00009300
Entry Signal

MarketClub’s Trade Triangles for HUFAED

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 0.01007577

intermediate term down The intermediate-term trend has been DOWN since Apr 12th, 2024 at 0.00995599

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.01016730

Smart Scan Analysis for HUFAED

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

-90
Smart Scan Analysis for HUFAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00988078 0.00997919 0.00984637 0.00997363 +0.00009300
Prev. Close Volume Bid Ask Time
0.00988078 2024-04-17 21:09:44
Get a free daily analysis and signals for Hungarian Forint/United Arab Emirates Dirham (HUFAED) - Request Your Free Report.