Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 7, 2023.

US Dollar/Hungarian Forint (FOREX:USDHUF)

Bull Market Weakness (+75) - USDHUF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDHUF as it may be in the beginning stages 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.

FOREX_USDHUF
Open High Low USDHUF Price Change
353.7540 354.7300 352.5000 353.6635 -0.0905
Entry Signal

MarketClub’s Trade Triangles for USDHUF

long term down The long-term trend has been DOWN since Nov 28th, 2023 at 345.075

intermediate term up The intermediate-term trend has been UP since Dec 7th, 2023 at 354.290

short term up The short-term trend has been UP since Nov 30th, 2023 at 347.900

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
353.7540 354.7300 352.5000 353.6635 -0.0905
Prev. Close Volume Bid Ask Time
353.7540 2023-12-07 15:16:11
Get a free daily analysis and signals for US Dollar/Hungarian Forint (USDHUF) - Request Your Free Report.