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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Hungarian Forint/Brazilian Real (FOREX:HUFBRL)

Weak Downtrend (-65) - HUFBRL is showing signs of a strengthening downtrend. Monitor HUFBRL as it may be building momentum to the downside.

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
0.01385852 0.01386615 0.01383184 0.01384972 -0.00000900
Entry Signal

MarketClub’s Trade Triangles for HUFBRL

long term down The long-term trend has been DOWN since Jan 29th, 2024 at 0.01360962

intermediate term down The intermediate-term trend has been DOWN since Dec 6th, 2023 at 0.01387847

short term up The short-term trend has been UP since Mar 15th, 2024 at 0.01382442

Smart Scan Analysis for HUFBRL

Based on our trend formula, HUFBRL is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for HUFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01385852 0.01386615 0.01383184 0.01384972 -0.00000900
Prev. Close Volume Bid Ask Time
0.01385852 2024-03-19 03:32:37
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