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Forex Trend Analysis Report

Prepared for you on Saturday, March 2, 2024.

Euro/Hungarian Forint (FOREX:EURHUF)

Long-Term Uptrend (+90) - EURHUF is in a strong uptrend that is likely to continue. While EURHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid EURHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURHUF
Open High Low EURHUF Price Change
394.020 394.020 393.700 393.904 -0.116
Entry Signal

MarketClub’s Trade Triangles for EURHUF

long term up The long-term trend has been UP since Feb 27th, 2024 at 390.5345

intermediate term up The intermediate-term trend has been UP since Jan 22nd, 2024 at 383.6605

short term up The short-term trend has been UP since Feb 25th, 2024 at 389.1970

Smart Scan Analysis for EURHUF

Based on our trend formula, EURHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for EURHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
394.020 394.020 393.700 393.904 -0.116
Prev. Close Volume Bid Ask Time
394.020 2024-03-02 13:48:24
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