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Forex Trend Analysis Report

Prepared for you on Sunday, August 14, 2022.

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.

FOREX_SGDHUF
Open High Low SGDHUF Price Change
279.3225 280.6650 277.5700 278.6130 -0.7095
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 Apr 7th, 2022 at 257.0535

short term down The short-term trend has been DOWN since Aug 10th, 2022 at 278.3765

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).

+55
Smart Scan Analysis for SGDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
279.3225 280.6650 277.5700 278.6130 -0.7095
Prev. Close Volume Bid Ask Time
279.3225 2022-08-12 17:08:47
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