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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Countertrend Up (+85) - USDHUF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 17th, 2024 at 370.2800
The intermediate-term trend has been UP since Sep 9th, 2024 at 358.7125
The short-term trend has been DOWN since Nov 18th, 2024 at 383.3500
Smart Scan Analysis for USDHUF
Based on our trend formula, USDHUF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 385.5400 | 387.4780 | 384.9945 | 387.1895 | +1.6495 |
| Prev. Close | Volume | Bid | Ask | Time |
| 385.5400 | 2024-11-20 03:35:46 |