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Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)

Long-Term Uptrend (+90) - SGDHUF is in a strong uptrend that is likely to continue. While SGDHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid SGDHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGDHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SGDHUF
Open High Low SGDHUF Price Change
232.7695 232.9845 231.5905 232.2795 -0.4900
Entry Signal

MarketClub’s Trade Triangles for SGDHUF

long term up The long-term trend has been UP since Sep 27th, 2021 at 226.0850

intermediate term up The intermediate-term trend has been UP since Sep 9th, 2021 at 221.1455

short term up The short-term trend has been UP since Oct 18th, 2021 at 230.5075

Smart Scan Analysis for SGDHUF

Based on our trend formula, SGDHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SGDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
232.7695 232.9845 231.5905 232.2795 -0.4900
Prev. Close Volume Bid Ask Time
232.7695 2021-10-22 17:00:40
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