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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Hungarian Forint/US Dollar (FOREX:HUFUSD)

Bear Market Rally (-75) - HUFUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFUSD as it may be in the beginning 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
0.00253121 0.00253925 0.00252256 0.00253517 +0.00000400
Entry Signal

MarketClub’s Trade Triangles for HUFUSD

long term down The long-term trend has been DOWN since Oct 17th, 2024 at 0.00270108

intermediate term down The intermediate-term trend has been DOWN since Dec 18th, 2024 at 0.00252025

short term up The short-term trend has been UP since Dec 24th, 2024 at 0.00252890

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
0.00253121 0.00253925 0.00252256 0.00253517 +0.00000400
Prev. Close Volume Bid Ask Time
0.00253121 2024-12-26 16:17:51
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