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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)
Sidelines Mode (+55) - SGDHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for SGDHUF
The long-term trend has been UP since Jun 14th, 2024 at 274.7205
The intermediate-term trend has been UP since Dec 19th, 2024 at 294.2680
The short-term trend has been DOWN since Dec 24th, 2024 at 291.7090
Smart Scan Analysis for SGDHUF
Based on our trend formula, SGDHUF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 290.864 | 291.193 | 289.889 | 290.010 | -0.854 |
| Prev. Close | Volume | Bid | Ask | Time |
| 290.864 | 2024-12-26 07:41:49 |