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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Japanese Yen/Hungarian Forint (FOREX:JPYHUF)
Long-Term Downtrend (-90) - JPYHUF is in a strong downtrend that is likely to continue. While JPYHUF 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 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 DOWN since Feb 5th, 2023 at 2.7185493
The intermediate-term trend has been DOWN since Apr 4th, 2024 at 2.3794550
The short-term trend has been DOWN since Apr 18th, 2024 at 2.3809268
Smart Scan Analysis for JPYHUF
Based on our trend formula, JPYHUF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.3709663 | 2.3783389 | 2.3692653 | 2.3746606 | +0.0036940 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.3709663 | 2024-04-24 03:37:27 |