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Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

Hungarian Forint/Brazilian Real (FOREX:HUFBRL)

Strong Downtrend (-100) - HUFBRL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HUFBRL continues to fall. Traders should use caution and set stops.

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.

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FOREX_HUFBRL
Open High Low HUFBRL Price Change
0.01335338 0.01346134 0.01323058 0.01326282 -0.00009100
Entry Signal

MarketClub’s Trade Triangles for HUFBRL

long term down The long-term trend has been DOWN since Jul 29th, 2022 at 0.01297165

intermediate term down The intermediate-term trend has been DOWN since Jul 29th, 2022 at 0.01297165

short term down The short-term trend has been DOWN since Aug 7th, 2022 at 0.01333709

Smart Scan Analysis for HUFBRL

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

-100
Smart Scan Analysis for HUFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01335338 0.01346134 0.01323058 0.01326282 -0.00009100
Prev. Close Volume Bid Ask Time
0.01335338 2022-08-08 12:46:25
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