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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

Hungarian Forint/Japanese Yen (FOREX:HUFJPY)

Long-Term Uptrend (+90) - HUFJPY is in a strong uptrend that is likely to continue. While HUFJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.436405 0.437570 0.435500 0.437085 +0.000680
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 up The intermediate-term trend has been UP since Apr 4th, 2024 at 0.420125

short term up The short-term trend has been UP since May 7th, 2024 at 0.428450

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
0.436405 0.437570 0.435500 0.437085 +0.000680
Prev. Close Volume Bid Ask Time
0.436405 2024-05-17 16:58:47
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