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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2024.

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
0.00272075 0.00273268 0.00271883 0.00272346 +0.00000300
Entry Signal

MarketClub’s Trade Triangles for HUFUSD

long term up The long-term trend has been UP since Aug 21st, 2024 at 0.00284382

intermediate term down The intermediate-term trend has been DOWN since Sep 9th, 2024 at 0.00278768

short term down The short-term trend has been DOWN since Oct 10th, 2024 at 0.00272434

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
0.00272075 0.00273268 0.00271883 0.00272346 +0.00000300
Prev. Close Volume Bid Ask Time
0.00272075 2024-10-14 08:16:10
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