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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)

Weak Downtrend (-65) - SGDHUF is showing signs of a strengthening downtrend. Monitor SGDHUF as it may be building momentum to the downside.

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
266.6065 267.2740 265.5480 265.7840 -0.8225
Entry Signal

MarketClub’s Trade Triangles for SGDHUF

long term up The long-term trend has been UP since Jun 14th, 2024 at 274.7205

intermediate term down The intermediate-term trend has been DOWN since Jul 12th, 2024 at 268.1710

short term down The short-term trend has been DOWN since Jul 12th, 2024 at 268.2435

Smart Scan Analysis for SGDHUF

Based on our trend formula, SGDHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SGDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
266.6065 267.2740 265.5480 265.7840 -0.8225
Prev. Close Volume Bid Ask Time
266.6065 2024-07-22 11:21:16
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