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Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

Hungarian Forint/US Dollar (FOREX:HUFUSD)

Sidelines Mode (-55) - HUFUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.00258503 0.00260575 0.00256528 0.00258278 -0.00000200
Entry Signal

MarketClub’s Trade Triangles for HUFUSD

long term down The long-term trend has been DOWN since Sep 28th, 2021 at 0.00324980

intermediate term up The intermediate-term trend has been UP since Aug 4th, 2022 at 0.00259527

short term down The short-term trend has been DOWN since Aug 8th, 2022 at 0.00256563

Smart Scan Analysis for HUFUSD

Based on our trend formula, HUFUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HUFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00258503 0.00260575 0.00256528 0.00258278 -0.00000200
Prev. Close Volume Bid Ask Time
0.00258503 2022-08-08 16:05:04
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