Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Australian Dollar/Hungarian Forint (FOREX:AUDHUF)
Countertrend Up (+85) - AUDHUF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Apr 23rd, 2020 at 209.855
The intermediate-term trend has been UP since Mar 29th, 2020 at 198.280
The short-term trend has been DOWN since May 27th, 2020 at 209.680
Smart Scan Analysis for AUDHUF
Based on our trend formula, AUDHUF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).