Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

Hungarian Forint/Hong Kong Dollar (FOREX:HUFHKD)

Crossroads (+60) - HUFHKD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_HUFHKD
Open High Low HUFHKD Price Change
0.02042371 0.02066286 0.02039717 0.02049581 +0.00007200
Entry Signal

MarketClub’s Trade Triangles for HUFHKD

long term down The long-term trend has been DOWN since Sep 28th, 2021 at 0.02527662

intermediate term up The intermediate-term trend has been UP since Aug 4th, 2022 at 0.02036938

short term up The short-term trend has been UP since Aug 11th, 2022 at 0.02062385

Smart Scan Analysis for HUFHKD

Based on our trend formula, HUFHKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for HUFHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02042371 0.02066286 0.02039717 0.02049581 +0.00007200
Prev. Close Volume Bid Ask Time
0.02042371 2022-08-11 14:15:47
Get a free daily analysis and signals for Hungarian Forint/Hong Kong Dollar (HUFHKD) - Request Your Free Report.