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Forex Trend Analysis Report

Prepared for you on Saturday, June 3, 2023.

Hungarian Forint/Brazilian Real (FOREX:HUFBRL)

Crossroads (-60) - HUFBRL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid HUFBRL?

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

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

FOREX_HUFBRL
Open High Low HUFBRL Price Change
0.01453840 0.01458497 0.01433002 0.01437707 -0.00016100
Entry Signal

MarketClub’s Trade Triangles for HUFBRL

long term up The long-term trend has been UP since Nov 10th, 2022 at 0.01364832

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2023 at 0.01441172

short term down The short-term trend has been DOWN since Jun 2nd, 2023 at 0.01441742

Smart Scan Analysis for HUFBRL

Based on our trend formula, HUFBRL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HUFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01453840 0.01458497 0.01433002 0.01437707 -0.00016100
Prev. Close Volume Bid Ask Time
0.01453840 2023-06-02 17:05:01
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