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Forex Trend Analysis Report

Prepared for you on Saturday, August 20, 2022.

Hungarian Forint/Japanese Yen (FOREX:HUFJPY)

Long-Term Downtrend (-90) - HUFJPY is in a strong downtrend that is likely to continue. While HUFJPY 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 HUFJPY?

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

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

FOREX_HUFJPY
Open High Low HUFJPY Price Change
0.337895 0.340815 0.337050 0.340090 +0.002195
Entry Signal

MarketClub’s Trade Triangles for HUFJPY

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 0.342030

intermediate term down The intermediate-term trend has been DOWN since Jul 5th, 2022 at 0.346205

short term down The short-term trend has been DOWN since Aug 14th, 2022 at 0.343665

Smart Scan Analysis for HUFJPY

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

-90
Smart Scan Analysis for HUFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.337895 0.340815 0.337050 0.340090 +0.002195
Prev. Close Volume Bid Ask Time
0.337895 2022-08-19 16:59:34
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