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Forex Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

US Dollar/Hungarian Forint (FOREX:USDHUF)

Long-Term Uptrend (+90) - USDHUF is in a strong uptrend that is likely to continue. While USDHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
396.535 409.870 396.245 401.879 +5.344
Entry Signal

MarketClub’s Trade Triangles for USDHUF

long term up The long-term trend has been UP since Sep 28th, 2021 at 307.720

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2022 at 350.627

short term up The short-term trend has been UP since Jun 30th, 2022 at 382.500

Smart Scan Analysis for USDHUF

Based on our trend formula, USDHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
396.535 409.870 396.245 401.879 +5.344
Prev. Close Volume Bid Ask Time
396.535 2022-07-06 16:25:52
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