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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Hungarian Forint/Hong Kong Dollar (FOREX:HUFHKD)
Countertrend Down (-85) - HUFHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for HUFHKD
The long-term trend has been DOWN since Oct 14th, 2024 at 0.02110721
The intermediate-term trend has been DOWN since Sep 9th, 2024 at 0.02173805
The short-term trend has been UP since Nov 15th, 2024 at 0.02029488
Smart Scan Analysis for HUFHKD
Based on our trend formula, HUFHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02019378 | 0.02020818 | 0.02008260 | 0.02008694 | -0.00010700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02019378 | 2024-11-20 03:49:15 |