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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Hungarian Forint/Japanese Yen (FOREX:HUFJPY)
Crossroads (+60) - HUFJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for HUFJPY
The long-term trend has been DOWN since Jul 31st, 2024 at 0.411495
The intermediate-term trend has been UP since Dec 15th, 2024 at 0.395775
The short-term trend has been UP since Dec 23rd, 2024 at 0.394755
Smart Scan Analysis for HUFJPY
Based on our trend formula, HUFJPY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.397990 | 0.400425 | 0.397500 | 0.400150 | +0.002160 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.397990 | 2024-12-26 19:59:05 |