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Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2025.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Weak Downtrend (-65) - USDHUF is showing signs of a strengthening downtrend. Monitor USDHUF as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDHUF.
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 USDHUF
The long-term trend has been UP since Oct 17th, 2024 at 370.2800
The intermediate-term trend has been DOWN since Jan 22nd, 2025 at 393.2895
The short-term trend has been DOWN since Jan 20th, 2025 at 399.3200
Smart Scan Analysis for USDHUF
Based on our trend formula, USDHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 394.555 | 395.735 | 392.650 | 393.036 | -1.519 |
| Prev. Close | Volume | Bid | Ask | Time |
| 394.555 | 2025-01-23 13:34:51 |