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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

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.

FOREX_HUFJPY
Open High Low HUFJPY Price Change
0.35304 0.35359 0.35210 0.35240 -0.00064
Entry Signal

MarketClub’s Trade Triangles for HUFJPY

long term down The long-term trend has been DOWN since Sep 23rd, 2020 at 0.33695

intermediate term up The intermediate-term trend has been UP since Nov 9th, 2020 at 0.34441

short term up The short-term trend has been UP since Nov 30th, 2020 at 0.34507

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).

+60
Smart Scan Analysis for HUFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.35304 0.35359 0.35210 0.35240 -0.00064
Prev. Close Volume Bid Ask Time
0.35304 2020-12-04 09:12:27
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