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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Australian Dollar/Hungarian Forint (FOREX:AUDHUF)

Bull Market Weakness (+75) - AUDHUF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDHUF as it may be in the beginning stages of a reversal.

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
235.820 237.565 235.560 237.510 +1.690
Entry Signal

MarketClub’s Trade Triangles for AUDHUF

long term up The long-term trend has been UP since Sep 24th, 2023 at 237.160

intermediate term down The intermediate-term trend has been DOWN since May 13th, 2024 at 236.640

short term up The short-term trend has been UP since May 28th, 2024 at 236.125

Smart Scan Analysis for AUDHUF

Based on our trend formula, AUDHUF is rated as a +75 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
235.820 237.565 235.560 237.510 +1.690
Prev. Close Volume Bid Ask Time
235.820 2024-05-29 11:56:30
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