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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.

FOREX_AUDHUF
Open High Low AUDHUF Price Change
209.275 210.370 208.200 210.320 +1.045
Entry Signal

MarketClub’s Trade Triangles for AUDHUF

long term up The long-term trend has been UP since Apr 23rd, 2020 at 209.855

intermediate term up The intermediate-term trend has been UP since Mar 29th, 2020 at 198.280

short term down 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).

+85
Smart Scan Analysis for AUDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
209.275 210.370 208.200 210.320 +1.045
Prev. Close Volume Bid Ask Time
209.275 210.240 210.400 2020-06-01 12:30:47
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