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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)

Crossroads (+60) - SGDHUF is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_SGDHUF
Open High Low SGDHUF Price Change
264.960 265.402 263.548 263.830 -1.130
Entry Signal

MarketClub’s Trade Triangles for SGDHUF

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 256.334

intermediate term up The intermediate-term trend has been UP since Dec 4th, 2023 at 262.041

short term up The short-term trend has been UP since Nov 30th, 2023 at 259.958

Smart Scan Analysis for SGDHUF

Based on our trend formula, SGDHUF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SGDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
264.960 265.402 263.548 263.830 -1.130
Prev. Close Volume Bid Ask Time
264.960 2023-12-08 15:23:20
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