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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Hungarian Forint/Japanese Yen (FOREX:HUFJPY)
Strong Downtrend (-100) - HUFJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HUFJPY continues to fall. 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.
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MarketClub’s Trade Triangles for HUFJPY
The long-term trend has been DOWN since Jul 31st, 2024 at 0.411495
The intermediate-term trend has been DOWN since Nov 5th, 2024 at 0.403810
The short-term trend has been DOWN since Nov 21st, 2024 at 0.396950
Smart Scan Analysis for HUFJPY
Based on our trend formula, HUFJPY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.399240 | 0.399605 | 0.394380 | 0.394960 | -0.004280 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.399240 | 2024-11-21 05:00:38 |