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Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 2024.

Hungarian Forint/Hong Kong Dollar (FOREX:HUFHKD)

Long-Term Downtrend (-90) - HUFHKD is in a strong downtrend that is likely to continue. While HUFHKD 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 HUFHKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for HUFHKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HUFHKD
Open High Low HUFHKD Price Change
0.02154064 0.02154482 0.02116732 0.02123448 -0.00030600
Entry Signal

MarketClub’s Trade Triangles for HUFHKD

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 0.02149908

intermediate term down The intermediate-term trend has been DOWN since Apr 12th, 2024 at 0.02122193

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.02168235

Smart Scan Analysis for HUFHKD

Based on our trend formula, HUFHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HUFHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02154064 0.02154482 0.02116732 0.02123448 -0.00030600
Prev. Close Volume Bid Ask Time
0.02154064 2024-04-12 17:03:59
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