Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Hungarian Forint/Japanese Yen (FOREX:HUFJPY)
Sidelines Mode (+55) - HUFJPY 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 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 DOWN since Jul 31st, 2024 at 0.411495
The intermediate-term trend has been UP since Oct 23rd, 2024 at 0.410140
The short-term trend has been DOWN since Oct 25th, 2024 at 0.406255
Smart Scan Analysis for HUFJPY
Based on our trend formula, HUFJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.407565 | 0.407980 | 0.406070 | 0.406795 | -0.000770 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.407565 | 2024-10-25 17:04:08 |