Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Hungarian Forint/Australian Dollar (FOREX:HUFAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
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 Dec 22nd, 2019 at 0.00485135
The short term trend has been UP since Jan 21st, 2020 at 0.00483750
Smart Scan Analysis for HUFAUD
Based on a pre-defined weighted trend formula for chart analysis, HUFAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).