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Forex Trend Analysis Report

Prepared for you on Thursday, December 7, 2023.

Hungarian Forint/Singapore Dollar (FOREX:HUFSGD)

Crossroads (-60) - HUFSGD 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 HUFSGD?

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

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

FOREX_HUFSGD
Open High Low HUFSGD Price Change
0.00379517 0.00380448 0.00377656 0.00378480 -0.00001000
Entry Signal

MarketClub’s Trade Triangles for HUFSGD

long term up The long-term trend has been UP since Nov 14th, 2023 at 0.00390108

intermediate term down The intermediate-term trend has been DOWN since Dec 4th, 2023 at 0.00381694

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 0.00384625

Smart Scan Analysis for HUFSGD

Based on our trend formula, HUFSGD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HUFSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00379517 0.00380448 0.00377656 0.00378480 -0.00001000
Prev. Close Volume Bid Ask Time
0.00379517 2023-12-07 16:16:36
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