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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2019.

Australian Dollar/Hungarian Forint (FOREX:AUDHUF)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

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.

FOREX_AUDHUF
Open High Low AUDHUF Price Change
202.1661 202.2200 201.2100 201.3000 -0.8661
Entry Signal

MarketClub’s Trade Triangles for AUDHUF

long term down The long term trend has been DOWN since Dec 27th, 2018 at 197.88

intermediate term down The intermediate term trend has been DOWN since Apr 23rd, 2019 at 201.90

short term up The short term trend has been UP since May 19th, 2019 at 201.64

Smart Scan Analysis for AUDHUF

Based on a pre-defined weighted trend formula for chart analysis, AUDHUF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for AUDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
202.1661 202.2200 201.2100 201.3000 -0.8661
Prev. Close Volume Bid Ask Time
202.1661 201.2200 201.3800 2019-05-21 11:41:00
Want to analyze Australian Dollar/Hungarian Forint AUDHUF or another symbol? Try our Free Forex Trend Analysis Report.