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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 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.
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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 UP since Apr 18th, 2024 at 395.9935
The short-term trend has been UP since Apr 10th, 2024 at 390.9885
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 395.7525 | 395.9115 | 393.8000 | 394.2765 | -1.4760 |
| Prev. Close | Volume | Bid | Ask | Time |
| 395.7525 | 2024-04-19 14:33:40 |