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Forex Trend Analysis Report

Prepared for you on Saturday, July 2, 2022.

Hungarian Forint/Euro (FOREX:HUFEUR)

Countertrend Down (-85) - HUFEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_HUFEUR
Open High Low HUFEUR Price Change
0.00252161 0.00252164 0.00248734 0.00249881 -0.00002300
Entry Signal

MarketClub’s Trade Triangles for HUFEUR

long term down The long-term trend has been DOWN since Feb 28th, 2022 at 0.00268830

intermediate term down The intermediate-term trend has been DOWN since May 2nd, 2022 at 0.00262817

short term up The short-term trend has been UP since Jun 28th, 2022 at 0.00250328

Smart Scan Analysis for HUFEUR

Based on our trend formula, HUFEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for HUFEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00252161 0.00252164 0.00248734 0.00249881 -0.00002300
Prev. Close Volume Bid Ask Time
0.00252161 2022-07-01 17:22:23
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