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Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

Hungarian Forint/US Dollar (FOREX:HUFUSD)

Countertrend Down (-85) - HUFUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_HUFUSD
Open High Low HUFUSD Price Change
0.00271814 0.00275304 0.00271530 0.00273908 +0.00002100
Entry Signal

MarketClub’s Trade Triangles for HUFUSD

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 0.00274749

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2024 at 0.00277068

short term up The short-term trend has been UP since Jun 7th, 2024 at 0.00279807

Smart Scan Analysis for HUFUSD

Based on our trend formula, HUFUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for HUFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00271814 0.00275304 0.00271530 0.00273908 +0.00002100
Prev. Close Volume Bid Ask Time
0.00271814 2024-06-12 17:48:09
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