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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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

Sidelines Mode (-55) - HUFAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.01141576 0.01143554 0.01138528 0.01140608 -0.00001000
Entry Signal

MarketClub’s Trade Triangles for HUFAED

long term down The long-term trend has been DOWN since Mar 17th, 2020 at 0.01169788

intermediate term up The intermediate-term trend has been UP since May 1st, 2020 at 0.01148914

short term down The short-term trend has been DOWN since May 25th, 2020 at 0.01140877

Smart Scan Analysis for HUFAED

Based on our trend formula, HUFAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HUFAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01141576 0.01143554 0.01138528 0.01140608 -0.00001000
Prev. Close Volume Bid Ask Time
0.01141576 0.01137198 0.01144018 2020-05-25 04:54:26
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