Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Hungarian Forint/Japanese Yen (FOREX:HUFJPY)
Countertrend Up (+85) - HUFJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Apr 4th, 2024 at 0.420125
The short-term trend has been DOWN since May 1st, 2024 at 0.423865
Smart Scan Analysis for HUFJPY
Based on our trend formula, HUFJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.421945 | 0.423685 | 0.421205 | 0.422655 | +0.000710 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.421945 | 2024-05-03 16:59:23 |