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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Hungarian Forint/Singapore Dollar (FOREX:HUFSGD)

Bear Market Rally (-75) - HUFSGD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFSGD as it may be in the beginning of a reversal.

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
0.00365144 0.00368402 0.00364874 0.00368310 +0.00003200
Entry Signal

MarketClub’s Trade Triangles for HUFSGD

long term down The long-term trend has been DOWN since Jun 14th, 2024 at 0.00363955

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2024 at 0.00374357

short term up The short-term trend has been UP since Jun 24th, 2024 at 0.00366644

Smart Scan Analysis for HUFSGD

Based on our trend formula, HUFSGD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for HUFSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00365144 0.00368402 0.00364874 0.00368310 +0.00003200
Prev. Close Volume Bid Ask Time
0.00365144 2024-06-24 10:01:44
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