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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Hungarian Forint/US Dollar (FOREX:HUFUSD)

Weak Downtrend (-65) - HUFUSD is showing signs of a strengthening downtrend. Monitor HUFUSD as it may be building momentum to the downside.

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
0.00335415 0.00337204 0.00332764 0.00333134 -0.00002300
Entry Signal

MarketClub’s Trade Triangles for HUFUSD

long term up The long-term trend has been UP since Jul 22nd, 2020 at 0.00332675

intermediate term down The intermediate-term trend has been DOWN since Dec 28th, 2020 at 0.00334461

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 0.00336203

Smart Scan Analysis for HUFUSD

Based on our trend formula, HUFUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for HUFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00335415 0.00337204 0.00332764 0.00333134 -0.00002300
Prev. Close Volume Bid Ask Time
0.00335415 2021-02-26 17:12:08
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