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Forex Trend Analysis Report

Prepared for you on Tuesday, March 9, 2021.

Hungarian Forint/Singapore Dollar (FOREX:HUFSGD)

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

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

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FOREX_HUFSGD
Open High Low HUFSGD Price Change
0.00435178 0.00437355 0.00434810 0.00436955 +0.00001800
Entry Signal

MarketClub’s Trade Triangles for HUFSGD

long term down The long-term trend has been DOWN since Sep 23rd, 2020 at 0.00438194

intermediate term down The intermediate-term trend has been DOWN since Feb 24th, 2021 at 0.00445516

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 0.00445060

Smart Scan Analysis for HUFSGD

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

-90
Smart Scan Analysis for HUFSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00435178 0.00437355 0.00434810 0.00436955 +0.00001800
Prev. Close Volume Bid Ask Time
0.00435178 2021-03-09 06:24:59
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