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Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 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.

FOREX_HUFEUR
Open High Low HUFEUR Price Change
0.00256519 0.00256570 0.00254093 0.00254660 -0.00001900
Entry Signal

MarketClub’s Trade Triangles for HUFEUR

long term down The long-term trend has been DOWN since Feb 27th, 2024 at 0.00256059

intermediate term up The intermediate-term trend has been UP since Apr 3rd, 2024 at 0.00254914

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.00255762

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).

+55
Smart Scan Analysis for HUFEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00256519 0.00256570 0.00254093 0.00254660 -0.00001900
Prev. Close Volume Bid Ask Time
0.00256519 2024-04-12 17:05:22
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