Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 4, 2024.

Hungarian Forint/Australian Dollar (FOREX:HUFAUD)

Long-Term Downtrend (-90) - HUFAUD is in a strong downtrend that is likely to continue. While HUFAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.

FOREX_HUFAUD
Open High Low HUFAUD Price Change
0.00422266 0.00422676 0.00421631 0.00422295 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HUFAUD

long term down The long-term trend has been DOWN since Sep 22nd, 2023 at 0.00421628

intermediate term down The intermediate-term trend has been DOWN since Jan 28th, 2024 at 0.00424743

short term down The short-term trend has been DOWN since Feb 28th, 2024 at 0.00423410

Smart Scan Analysis for HUFAUD

Based on our trend formula, HUFAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HUFAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00422266 0.00422676 0.00421631 0.00422295 0.00000000
Prev. Close Volume Bid Ask Time
0.00422266 2024-03-04 02:58:41
Get a free daily analysis and signals for Hungarian Forint/Australian Dollar (HUFAUD) - Request Your Free Report.