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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Japanese Yen/Hungarian Forint (FOREX:JPYHUF)

Strong Downtrend (-100) - JPYHUF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, JPYHUF continues to fall. 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.

FOREX_JPYHUF
Open High Low JPYHUF Price Change
2.3709663 2.3795304 2.3653306 2.3662119 -0.0047540
Entry Signal

MarketClub’s Trade Triangles for JPYHUF

long term down The long-term trend has been DOWN since Feb 5th, 2023 at 2.7185493

intermediate term down The intermediate-term trend has been DOWN since Apr 4th, 2024 at 2.3794550

short term down 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 -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for JPYHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3709663 2.3795304 2.3653306 2.3662119 -0.0047540
Prev. Close Volume Bid Ask Time
2.3709663 2024-04-24 23:35:49
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