Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Hungarian Forint/Japanese Yen (FOREX:HUFJPY)
Weak Downtrend (-65) - HUFJPY is showing signs of a strengthening downtrend. Monitor HUFJPY as it may be building momentum to the downside.
Is it time to buy, sell, or avoid HUFJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HUFJPY
The long-term trend has been UP since Sep 12th, 2022 at 0.368735
The intermediate-term trend has been DOWN since Dec 1st, 2023 at 0.421730
The short-term trend has been DOWN since Nov 29th, 2023 at 0.427420
Smart Scan Analysis for HUFJPY
Based on our trend formula, HUFJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).