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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Hungarian Forint/Euro (FOREX:HUFEUR)

Long-Term Downtrend (-90) - HUFEUR is in a strong downtrend that is likely to continue. While HUFEUR 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 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
0.00251138 0.00251138 0.00251138 0.00251138 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HUFEUR

long term down The long-term trend has been DOWN since Feb 27th, 2024 at 0.00256059

intermediate term down The intermediate-term trend has been DOWN since May 31st, 2024 at 0.00256423

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.00255121

Smart Scan Analysis for HUFEUR

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

-90
Smart Scan Analysis for HUFEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00251138 0.00251138 0.00251138 0.00251138 0.00000000
Prev. Close Volume Bid Ask Time
0.00251138 2024-06-15 17:06:47
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