Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Hungarian Forint/Australian Dollar (FOREX:HUFAUD)
Countertrend Down (-85) - HUFAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Apr 23rd, 2020 at 0.00476476
The intermediate-term trend has been DOWN since Feb 14th, 2021 at 0.00434857
The short-term trend has been UP since Feb 26th, 2021 at 0.00430251
Smart Scan Analysis for HUFAUD
Based on our trend formula, HUFAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).