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Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

Hungarian Forint/Swedish Krona (FOREX:HUFSEK)

Sidelines Mode (+55) - HUFSEK 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 HUFSEK?

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

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

FOREX_HUFSEK
Open High Low HUFSEK Price Change
0.02620013 0.02633521 0.02616455 0.02629482 +0.00009500
Entry Signal

MarketClub’s Trade Triangles for HUFSEK

long term down The long-term trend has been DOWN since Mar 7th, 2022 at 0.02756875

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2022 at 0.02662471

short term down The short-term trend has been DOWN since Aug 10th, 2022 at 0.02606253

Smart Scan Analysis for HUFSEK

Based on our trend formula, HUFSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HUFSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02620013 0.02633521 0.02616455 0.02629482 +0.00009500
Prev. Close Volume Bid Ask Time
0.02620013 2022-08-11 04:21:55
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