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Forex Trend Analysis Report

Prepared for you on Wednesday, May 27, 2020.

Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)

Weak Downtrend (-65) - SGDHUF is showing signs of a strengthening downtrend. Monitor SGDHUF as it may be building momentum to the downside.

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
223.8780 225.0120 223.6980 224.1385 +0.2605
Entry Signal

MarketClub’s Trade Triangles for SGDHUF

long term up The long-term trend has been UP since Mar 18th, 2020 at 226.5535

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 226.5050

short term down The short-term trend has been DOWN since May 26th, 2020 at 224.1185

Smart Scan Analysis for SGDHUF

Based on our trend formula, SGDHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SGDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
223.8780 225.0120 223.6980 224.1385 +0.2605
Prev. Close Volume Bid Ask Time
223.8780 224.0450 224.2320 2020-05-27 05:50:37
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