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Forex Trend Analysis Report

Prepared for you on Saturday, November 27, 2021.

Hungarian Forint/United Arab Emirates Dirham (FOREX:HUFAED)

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

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

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

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

FOREX_HUFAED
Open High Low HUFAED Price Change
0.01122340 0.01127772 0.01113441 0.01126296 +0.00004000
Entry Signal

MarketClub’s Trade Triangles for HUFAED

long term down The long-term trend has been DOWN since Sep 28th, 2021 at 0.01193766

intermediate term down The intermediate-term trend has been DOWN since Sep 17th, 2021 at 0.01224374

short term up The short-term trend has been UP since Nov 25th, 2021 at 0.01127447

Smart Scan Analysis for HUFAED

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

-75
Smart Scan Analysis for HUFAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01122340 0.01127772 0.01113441 0.01126296 +0.00004000
Prev. Close Volume Bid Ask Time
0.01122340 2021-11-26 16:59:22
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