Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Australian Dollar/Hungarian Forint (FOREX:AUDHUF)
Sidelines Mode (-55) - AUDHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid AUDHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDHUF
The long-term trend has been DOWN since Nov 4th, 2022 at 261.40
The intermediate-term trend has been DOWN since May 30th, 2023 at 224.97
The short-term trend has been UP since Jun 1st, 2023 at 227.22
Smart Scan Analysis for AUDHUF
Based on our trend formula, AUDHUF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).