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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Hungarian Forint/Brazilian Real (FOREX:HUFBRL)

Long-Term Downtrend (-90) - HUFBRL is in a strong downtrend that is likely to continue. While HUFBRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_HUFBRL
Open High Low HUFBRL Price Change
0.01281989 0.01282002 0.01280245 0.01281948 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HUFBRL

long term down The long-term trend has been DOWN since Jul 29th, 2022 at 0.01297165

intermediate term down The intermediate-term trend has been DOWN since Jul 29th, 2022 at 0.01297165

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.01323167

Smart Scan Analysis for HUFBRL

Based on our trend formula, HUFBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HUFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01281989 0.01282002 0.01280245 0.01281948 0.00000000
Prev. Close Volume Bid Ask Time
0.01281989 2022-08-19 01:11:10
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