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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Hungarian Forint/Swiss Franc (FOREX:HUFCHF)

Crossroads (+60) - HUFCHF 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 HUFCHF?

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

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

FOREX_HUFCHF
Open High Low HUFCHF Price Change
0.00248594 0.00248791 0.00247700 0.00248000 -0.00000600
Entry Signal

MarketClub’s Trade Triangles for HUFCHF

long term down The long-term trend has been DOWN since Jun 14th, 2024 at 0.00239700

intermediate term up The intermediate-term trend has been UP since Jul 10th, 2024 at 0.00248346

short term up The short-term trend has been UP since Jul 22nd, 2024 at 0.00248199

Smart Scan Analysis for HUFCHF

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

+60
Smart Scan Analysis for HUFCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00248594 0.00248791 0.00247700 0.00248000 -0.00000600
Prev. Close Volume Bid Ask Time
0.00248594 2024-07-23 07:55:20
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