Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Hungarian Forint/Polish New Zloty (FOREX:HUFPLN)

Long-Term Downtrend (-90) - HUFPLN is in a strong downtrend that is likely to continue. While HUFPLN 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 HUFPLN?

MarketClub looks at technical strength and momentum to determine if the timing is right for HUFPLN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HUFPLN
Open High Low HUFPLN Price Change
0.01090489 0.01094571 0.01089906 0.01094410 +0.00003900
Entry Signal

MarketClub’s Trade Triangles for HUFPLN

long term down The long-term trend has been DOWN since Jan 29th, 2024 at 0.01122854

intermediate term down The intermediate-term trend has been DOWN since May 23rd, 2024 at 0.01098046

short term down The short-term trend has been DOWN since Jun 19th, 2024 at 0.01096286

Smart Scan Analysis for HUFPLN

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

-90
Smart Scan Analysis for HUFPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01090489 0.01094571 0.01089906 0.01094410 +0.00003900
Prev. Close Volume Bid Ask Time
0.01090489 2024-06-24 04:18:34
Get a free daily analysis and signals for Hungarian Forint/Polish New Zloty (HUFPLN) - Request Your Free Report.