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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

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
0.01035241 0.01035976 0.01026934 0.01027483 -0.00007800
Entry Signal

MarketClub’s Trade Triangles for HUFAED

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 0.01007577

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 0.01021075

short term down The short-term trend has been DOWN since May 29th, 2024 at 0.01033807

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
0.01035241 0.01035976 0.01026934 0.01027483 -0.00007800
Prev. Close Volume Bid Ask Time
0.01035241 2024-05-29 10:25:17
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