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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Hungarian Forint/Euro (FOREX:HUFEUR)
Sidelines Mode (+50) - HUFEUR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HUFEUR can gain momentum.
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 Apr 3rd, 2024 at 0.00254914
The short-term trend has been UP since Apr 23rd, 2024 at 0.00254205
Smart Scan Analysis for HUFEUR
Based on our trend formula, HUFEUR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00254404 | 0.00254650 | 0.00253723 | 0.00253951 | -0.00000500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00254404 | 2024-04-24 14:27:59 |