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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

Hungarian Forint/US Dollar (FOREX:HUFUSD)

Strong Downtrend (-100) - HUFUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HUFUSD?

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

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

FOREX_HUFUSD
Open High Low HUFUSD Price Change
0.00296452 0.00298684 0.00294970 0.00296246 -0.00000200
Entry Signal

MarketClub’s Trade Triangles for HUFUSD

long term down The long-term trend has been DOWN since Mar 17th, 2020 at 0.00318653

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2020 at 0.00319540

short term down The short-term trend has been DOWN since Mar 31st, 2020 at 0.00306194

Smart Scan Analysis for HUFUSD

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

-100
Smart Scan Analysis for HUFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00296452 0.00298684 0.00294970 0.00296246 -0.00000200
Prev. Close Volume Bid Ask Time
0.00296452 0.00295596 0.00296896 2020-04-06 18:55:03
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