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Forex Trend Analysis Report
Prepared for you on Thursday, January 2, 2025.
Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)
Long-Term Uptrend (+90) - SGDHUF is in a strong uptrend that is likely to continue. While SGDHUF 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 SGDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDHUF.
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 SGDHUF
The long-term trend has been UP since Jun 14th, 2024 at 274.7205
The intermediate-term trend has been UP since Dec 19th, 2024 at 294.2680
The short-term trend has been UP since Jan 2nd, 2025 at 291.7575
Smart Scan Analysis for SGDHUF
Based on our trend formula, SGDHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 291.3605 | 295.4545 | 291.1105 | 293.3220 | +1.9615 |
| Prev. Close | Volume | Bid | Ask | Time |
| 291.3605 | 2025-01-02 17:32:56 |