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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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

Strong Downtrend (-100) - HUFAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HUFAED continues to fall. 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.

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FOREX_HUFAED
Open High Low HUFAED Price Change
0.01004159 0.01006621 0.01003733 0.01005226 +0.00001100
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 Jan 17th, 2024 at 0.01049848

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 0.01005459

Smart Scan Analysis for HUFAED

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

-100
Smart Scan Analysis for HUFAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01004159 0.01006621 0.01003733 0.01005226 +0.00001100
Prev. Close Volume Bid Ask Time
0.01004159 2024-03-29 09:40:20
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