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Forex Trend Analysis Report
Prepared for you on Tuesday, October 8, 2024.
Hungarian Forint/Euro (FOREX:HUFEUR)
Bear Market Rally (-75) - HUFEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFEUR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HUFEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFEUR.
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 HUFEUR
The long-term trend has been DOWN since Feb 27th, 2024 at 0.00256059
The intermediate-term trend has been DOWN since Aug 1st, 2024 at 0.00252194
The short-term trend has been UP since Oct 8th, 2024 at 0.00249462
Smart Scan Analysis for HUFEUR
Based on our trend formula, HUFEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00248654 | 0.00249871 | 0.00248646 | 0.00249674 | +0.00001000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00248654 | 2024-10-08 08:04:05 |