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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Hungarian Forint/US Dollar (FOREX:HUFUSD)
Countertrend Down (-85) - HUFUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for HUFUSD
The long-term trend has been DOWN since Oct 17th, 2024 at 0.00270108
The intermediate-term trend has been DOWN since Sep 9th, 2024 at 0.00278768
The short-term trend has been UP since Nov 18th, 2024 at 0.00260863
Smart Scan Analysis for HUFUSD
Based on our trend formula, HUFUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00259376 | 0.00259756 | 0.00258074 | 0.00258171 | -0.00001200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00259376 | 2024-11-20 03:44:56 |