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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

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.

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FOREX_HUFAED
Open High Low HUFAED Price Change
0.00910745 0.00915213 0.00908461 0.00913157 +0.00002400
Entry Signal

MarketClub’s Trade Triangles for HUFAED

long term down The long-term trend has been DOWN since Sep 28th, 2021 at 0.01193766

intermediate term down The intermediate-term trend has been DOWN since Aug 18th, 2022 at 0.00909659

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.00945802

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
0.00910745 0.00915213 0.00908461 0.00913157 +0.00002400
Prev. Close Volume Bid Ask Time
0.00910745 2022-08-19 16:40:12
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