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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Hungarian Forint/Australian Dollar (FOREX:HUFAUD)

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

Is it time to buy, sell, or avoid HUFAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for HUFAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HUFAUD
Open High Low HUFAUD Price Change
0.00420054 0.00421007 0.00419668 0.00420095 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HUFAUD

long term down The long-term trend has been DOWN since Sep 22nd, 2023 at 0.00421628

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2024 at 0.00417246

short term up The short-term trend has been UP since May 7th, 2024 at 0.00420460

Smart Scan Analysis for HUFAUD

Based on our trend formula, HUFAUD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for HUFAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00420054 0.00421007 0.00419668 0.00420095 0.00000000
Prev. Close Volume Bid Ask Time
0.00420054 2024-05-09 05:07:37
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