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Forex Trend Analysis Report

Prepared for you on Monday, October 2, 2023.

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

Countertrend Down (-85) - HUFAED is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.00998466 0.01004253 0.00990244 0.00990391 -0.00008100
Entry Signal

MarketClub’s Trade Triangles for HUFAED

long term down The long-term trend has been DOWN since Aug 3rd, 2023 at 0.01024712

intermediate term down The intermediate-term trend has been DOWN since Sep 3rd, 2023 at 0.01029308

short term up The short-term trend has been UP since Oct 2nd, 2023 at 0.01002399

Smart Scan Analysis for HUFAED

Based on our trend formula, HUFAED is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for HUFAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00998466 0.01004253 0.00990244 0.00990391 -0.00008100
Prev. Close Volume Bid Ask Time
0.00998466 2023-10-02 17:35:26
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