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Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2024.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Bear Market Rally (-75) - USDHUF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDHUF as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid USDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDHUF.
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 USDHUF
The long-term trend has been DOWN since Aug 21st, 2024 at 351.6100
The intermediate-term trend has been UP since Sep 9th, 2024 at 358.7125
The short-term trend has been DOWN since Sep 13th, 2024 at 356.3900
Smart Scan Analysis for USDHUF
Based on our trend formula, USDHUF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 353.150 | 353.560 | 351.700 | 351.945 | -1.205 |
| Prev. Close | Volume | Bid | Ask | Time |
| 353.150 | 2024-09-20 12:37:09 |