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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

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.

FOREX_HUFJPY
Open High Low HUFJPY Price Change
0.35618 0.35762 0.35465 0.35485 -0.00133
Entry Signal

MarketClub’s Trade Triangles for HUFJPY

long term up The long-term trend has been UP since Feb 15th, 2021 at 0.35795

intermediate term up The intermediate-term trend has been UP since Jan 29th, 2021 at 0.35635

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 0.35539

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).

+55
Smart Scan Analysis for HUFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.35618 0.35762 0.35465 0.35485 -0.00133
Prev. Close Volume Bid Ask Time
0.35618 2021-02-26 17:09:57
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