Forex Trend Analysis Report

Prepared for you on Thursday, March 23, 2023.

Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)

Bear Market Rally (-75) - HKDHUF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDHUF as it may be in the beginning of a reversal.

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

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

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

Open	High	Low	HKDHUF Price	Change
45.25445	45.32185	44.84015	44.97335	-0.28110
Entry Signal

MarketClub’s Trade Triangles for HKDHUF

The long-term trend has been DOWN since Dec 13th, 2022 at 49.27555

The intermediate-term trend has been UP since Mar 13th, 2023 at 46.45600

The short-term trend has been DOWN since Mar 21st, 2023 at 46.87290

Smart Scan Analysis for HKDHUF

Based on our trend formula, HKDHUF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
45.25445	45.32185	44.84015	44.97335	-0.28110
Prev. Close	Volume	Bid	Ask	Time
45.25445				2023-03-23 10:26:34

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