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Forex Trend Analysis Report

Prepared for you on Monday, July 4, 2022.

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
0.00364004 0.00364784 0.00361045 0.00362304 -0.00001700
Entry Signal

MarketClub’s Trade Triangles for HUFSGD

long term down The long-term trend has been DOWN since Sep 27th, 2021 at 0.00442195

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2022 at 0.00389799

short term down The short-term trend has been DOWN since Jul 1st, 2022 at 0.00363783

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
0.00364004 0.00364784 0.00361045 0.00362304 -0.00001700
Prev. Close Volume Bid Ask Time
0.00364004 2022-07-04 21:27:42
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