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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

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.

FOREX_USDHUF
Open High Low USDHUF Price Change
299.085 299.230 296.650 297.229 -1.856
Entry Signal

MarketClub’s Trade Triangles for USDHUF

long term up The long-term trend has been UP since Mar 1st, 2021 at 300.56

intermediate term down The intermediate-term trend has been DOWN since Apr 5th, 2021 at 305.24

short term down The short-term trend has been DOWN since Apr 19th, 2021 at 299.14

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).

-70
Smart Scan Analysis for USDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
299.085 299.230 296.650 297.229 -1.856
Prev. Close Volume Bid Ask Time
299.085 2021-05-06 15:55:39
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