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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Hungarian Forint/US Dollar (FOREX:HUFUSD)

Long-Term Downtrend (-90) - HUFUSD is in a strong downtrend that is likely to continue. While HUFUSD is showing intraday strength, it remains in the confines of a bearish trend. 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
0.00269074 0.00270038 0.00268046 0.00268725 -0.00000300
Entry Signal

MarketClub’s Trade Triangles for HUFUSD

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 0.00274749

intermediate term down The intermediate-term trend has been DOWN since Apr 12th, 2024 at 0.00271200

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.00276839

Smart Scan Analysis for HUFUSD

Based on our trend formula, HUFUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HUFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00269074 0.00270038 0.00268046 0.00268725 -0.00000300
Prev. Close Volume Bid Ask Time
0.00269074 2024-04-16 17:09:02
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