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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

US Dollar/Hungarian Forint (FOREX:USDHUF)

Strong Uptrend (+100) - USDHUF is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDHUF 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 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.

FOREX_USDHUF
Open High Low USDHUF Price Change
365.56 365.86 365.25 365.66 +0.10
Entry Signal

MarketClub’s Trade Triangles for USDHUF

long term up The long-term trend has been UP since Mar 1st, 2024 at 363.98

intermediate term up The intermediate-term trend has been UP since Jan 16th, 2024 at 349.43

short term up The short-term trend has been UP since Mar 27th, 2024 at 365.42

Smart Scan Analysis for USDHUF

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

+100
Smart Scan Analysis for USDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
365.56 365.86 365.25 365.66 +0.10
Prev. Close Volume Bid Ask Time
365.56 2024-03-29 03:04:39
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