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Forex Trend Analysis Report

Prepared for you on Monday, October 7, 2024.

Hungarian Forint/Brazilian Real (FOREX:HUFBRL)

Weak Downtrend (-65) - HUFBRL is showing signs of a strengthening downtrend. Monitor HUFBRL as it may be building momentum to the downside.

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
0.01492042 0.01493753 0.01487152 0.01488473 -0.00003600
Entry Signal

MarketClub’s Trade Triangles for HUFBRL

long term up The long-term trend has been UP since Apr 17th, 2024 at 0.01424881

intermediate term down The intermediate-term trend has been DOWN since Aug 13th, 2024 at 0.01520235

short term down The short-term trend has been DOWN since Sep 26th, 2024 at 0.01538397

Smart Scan Analysis for HUFBRL

Based on our trend formula, HUFBRL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for HUFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01492042 0.01493753 0.01487152 0.01488473 -0.00003600
Prev. Close Volume Bid Ask Time
0.01492042 2024-10-07 07:27:17
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