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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Hungarian Forint/United Arab Emirates Dirham (FOREX:HUFAED)
Sidelines Mode (-55) - HUFAED 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 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.
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MarketClub’s Trade Triangles for HUFAED
The long-term trend has been DOWN since Mar 1st, 2024 at 0.01007577
The intermediate-term trend has been DOWN since Apr 12th, 2024 at 0.00995599
The short-term trend has been UP since Apr 23rd, 2024 at 0.00995450
Smart Scan Analysis for HUFAED
Based on our trend formula, HUFAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01004369 | 0.01006992 | 0.00998446 | 0.01005906 | +0.00001500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01004369 | 2024-04-26 12:11:17 |