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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Hungarian Forint/Singapore Dollar (FOREX:HUFSGD)

Bear Market Rally (-75) - HUFSGD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFSGD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid HUFSGD?

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

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

FOREX_HUFSGD
Open High Low HUFSGD Price Change
0.00371656 0.00374381 0.00371164 0.00372593 +0.00000900
Entry Signal

MarketClub’s Trade Triangles for HUFSGD

long term down The long-term trend has been DOWN since Jun 14th, 2024 at 0.00363955

intermediate term up The intermediate-term trend has been UP since Jul 12th, 2024 at 0.00372934

short term down The short-term trend has been DOWN since Jul 23rd, 2024 at 0.00373900

Smart Scan Analysis for HUFSGD

Based on our trend formula, HUFSGD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for HUFSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00371656 0.00374381 0.00371164 0.00372593 +0.00000900
Prev. Close Volume Bid Ask Time
0.00371656 2024-07-26 17:01:06
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