Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
Hungarian Forint/Australian Dollar (FOREX:HUFAUD)
Sidelines Mode (-55) - HUFAUD 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 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.
MarketClub’s Trade Triangles for HUFAUD
The long-term trend has been DOWN since Sep 6th, 2019 at 0.00488000
The intermediate-term trend has been DOWN since Feb 13th, 2020 at 0.00477840
The short-term trend has been UP since Feb 21st, 2020 at 0.00484732
Smart Scan Analysis for HUFAUD
Based on our trend formula, HUFAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).