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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.

FOREX_USDHUF
Open High Low USDHUF Price Change
351.4225 351.8800 347.1000 348.4150 -3.0075
Entry Signal

MarketClub’s Trade Triangles for USDHUF

long term down The long-term trend has been DOWN since Dec 4th, 2022 at 386.735

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2023 at 350.820

short term down 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).

-100
Smart Scan Analysis for USDHUF
Strong Downtrend Sideways 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
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