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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.

Open High Low AUDHUF Price Change
228.65 228.69 227.39 228.06 -0.59
Entry Signal

MarketClub’s Trade Triangles for AUDHUF

long term down The long-term trend has been DOWN since Nov 4th, 2022 at 261.40

intermediate term down The intermediate-term trend has been DOWN since May 30th, 2023 at 224.97

short term up 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).

Smart Scan Analysis for AUDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
228.65 228.69 227.39 228.06 -0.59
Prev. Close Volume Bid Ask Time
228.65 2023-06-05 18:47:46
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