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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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
225.7150 226.1320 225.2390 225.8665 +0.1515
Entry Signal

MarketClub’s Trade Triangles for SGDHUF

long term up The long-term trend has been UP since Mar 18th, 2020 at 226.5535

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 226.5050

short term up The short-term trend has been UP since May 25th, 2020 at 225.8395

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
225.7150 226.1320 225.2390 225.8665 +0.1515
Prev. Close Volume Bid Ask Time
225.7150 225.7780 225.9550 2020-05-25 05:31:52
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