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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Hungarian Forint/Swiss Franc (FOREX:HUFCHF)
Long-Term Downtrend (-90) - HUFCHF is in a strong downtrend that is likely to continue. While HUFCHF 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 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.
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MarketClub’s Trade Triangles for HUFCHF
The long-term trend has been DOWN since Jun 14th, 2024 at 0.0023970
The intermediate-term trend has been DOWN since Oct 2nd, 2024 at 0.0023440
The short-term trend has been DOWN since Oct 21st, 2024 at 0.0023325
Smart Scan Analysis for HUFCHF
Based on our trend formula, HUFCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00232421 | 0.00232576 | 0.00231197 | 0.00231445 | -0.00001000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00232421 | 2024-10-25 17:11:02 |