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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Hungarian Forint/Euro (FOREX:HUFEUR)
Sidelines Mode (+55) - HUFEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jul 8th, 2024 at 0.00255092
The short-term trend has been DOWN since Jul 23rd, 2024 at 0.00255561
Smart Scan Analysis for HUFEUR
Based on our trend formula, HUFEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00254848 | 0.00256370 | 0.00254723 | 0.00255837 | +0.00001000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00254848 | 2024-07-26 17:00:05 |