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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Japanese Yen/Hungarian Forint (FOREX:JPYHUF)
Countertrend Up (+85) - JPYHUF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid JPYHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYHUF.
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 JPYHUF
The long-term trend has been UP since Jul 31st, 2024 at 2.4303981
The intermediate-term trend has been UP since Nov 5th, 2024 at 2.4777870
The short-term trend has been DOWN since Nov 20th, 2024 at 2.4779825
Smart Scan Analysis for JPYHUF
Based on our trend formula, JPYHUF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.4869978 | 2.4890793 | 2.4759510 | 2.4890793 | +0.0020820 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.4869978 | 2024-11-20 03:45:18 |