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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Hungarian Forint/Japanese Yen (FOREX:HUFJPY)

Sidelines Mode (-50) - HUFJPY is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HUFJPY can gain momentum.

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
0.414615 0.414930 0.412155 0.414315 -0.000300
Entry Signal

MarketClub’s Trade Triangles for HUFJPY

long term up The long-term trend has been UP since Sep 12th, 2022 at 0.368735

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 0.411120

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 0.414000

Smart Scan Analysis for HUFJPY

Based on our trend formula, HUFJPY is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for HUFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.414615 0.414930 0.412155 0.414315 -0.000300
Prev. Close Volume Bid Ask Time
0.414615 2024-03-28 18:08:52
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