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.
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MarketClub’s Trade Triangles for HUFJPY
The long-term trend has been UP since Sep 12th, 2022 at 0.368735
The intermediate-term trend has been DOWN since Mar 6th, 2024 at 0.411120
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).
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 |