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Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Strong Downtrend (-100) - USDHUF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDHUF continues to fall. Traders should use caution and set stops.
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 Dec 4th, 2022 at 386.735
The intermediate-term trend has been DOWN since Mar 28th, 2023 at 350.820
The short-term trend has been DOWN since Mar 20th, 2023 at 367.936
Smart Scan Analysis for USDHUF
Based on our trend formula, USDHUF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 351.4225 | 351.8800 | 347.1000 | 348.4150 | -3.0075 |
| Prev. Close | Volume | Bid | Ask | Time |
| 351.4225 | 2023-03-30 22:43:20 |