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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Euro/Hungarian Forint (FOREX:EURHUF)
Sidelines Mode (+55) - EURHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for EURHUF
The long-term trend has been UP since Feb 27th, 2024 at 390.5345
The intermediate-term trend has been DOWN since Jul 8th, 2024 at 392.0155
The short-term trend has been UP since Jul 23rd, 2024 at 391.3120
Smart Scan Analysis for EURHUF
Based on our trend formula, EURHUF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 392.3910 | 392.5805 | 390.0610 | 391.4315 | -0.9595 |
| Prev. Close | Volume | Bid | Ask | Time |
| 392.3910 | 2024-07-26 19:46:38 |