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Forex Trend Analysis Report

Prepared for you on Sunday, April 5, 2020.

Hungarian Forint/Japanese Yen (FOREX:HUFJPY)

Long-Term Downtrend (-90) - HUFJPY is in a strong downtrend that is likely to continue. While HUFJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.321765 0.322610 0.317850 0.320480 -0.001285
Entry Signal

MarketClub’s Trade Triangles for HUFJPY

long term down The long-term trend has been DOWN since Feb 10th, 2020 at 0.354020

intermediate term down The intermediate-term trend has been DOWN since Jan 7th, 2020 at 0.363800

short term down The short-term trend has been DOWN since Mar 27th, 2020 at 0.336155

Smart Scan Analysis for HUFJPY

Based on our trend formula, HUFJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HUFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.321765 0.322610 0.317850 0.320480 -0.001285
Prev. Close Volume Bid Ask Time
0.321765 0.318410 0.322550 2020-04-03 17:09:57
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