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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

US Dollar/Hungarian Forint (FOREX:USDHUF)

Weak Downtrend (-65) - USDHUF is showing signs of a strengthening downtrend. Monitor USDHUF as it may be building momentum to the downside.

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
310.050 310.260 309.590 309.784 -0.266
Entry Signal

MarketClub’s Trade Triangles for USDHUF

long term up The long-term trend has been UP since Mar 17th, 2020 at 313.850

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2020 at 319.609

short term down The short-term trend has been DOWN since May 26th, 2020 at 318.170

Smart Scan Analysis for USDHUF

Based on our trend formula, USDHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
310.050 310.260 309.590 309.784 -0.266
Prev. Close Volume Bid Ask Time
310.050 309.484 310.084 2020-06-02 01:31:09
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