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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)

Strong Uptrend (+100) - SGDHUF is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SGDHUF continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_SGDHUF
Open High Low SGDHUF Price Change
270.8335 271.9530 270.4430 271.2925 +0.4590
Entry Signal

MarketClub’s Trade Triangles for SGDHUF

long term up The long-term trend has been UP since Feb 28th, 2024 at 269.5005

intermediate term up The intermediate-term trend has been UP since Jan 23rd, 2024 at 263.3830

short term up The short-term trend has been UP since Mar 28th, 2024 at 271.7445

Smart Scan Analysis for SGDHUF

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

+100
Smart Scan Analysis for SGDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
270.8335 271.9530 270.4430 271.2925 +0.4590
Prev. Close Volume Bid Ask Time
270.8335 2024-03-28 06:48:42
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