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Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

Hungarian Forint/US Dollar (FOREX:HUFUSD)

Bull Market Weakness (+75) - HUFUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HUFUSD as it may be in the beginning stages of a reversal.

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
0.00281559 0.00281879 0.00281401 0.00281826 +0.00000300
Entry Signal

MarketClub’s Trade Triangles for HUFUSD

long term up The long-term trend has been UP since Dec 4th, 2022 at 0.00258559

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.00274207

short term up The short-term trend has been UP since Mar 20th, 2023 at 0.00271763

Smart Scan Analysis for HUFUSD

Based on our trend formula, HUFUSD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for HUFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00281559 0.00281879 0.00281401 0.00281826 +0.00000300
Prev. Close Volume Bid Ask Time
0.00281559 2023-03-23 01:32:46
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