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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Hungarian Forint/Australian Dollar (FOREX:HUFAUD)

Bear Market Rally (-75) - HUFAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HUFAUD as it may be in the beginning of a reversal.

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
0.00406242 0.00409785 0.00405407 0.00408602 +0.00002400
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 Jun 3rd, 2024 at 0.00417682

short term up The short-term trend has been UP since Jun 24th, 2024 at 0.00407029

Smart Scan Analysis for HUFAUD

Based on our trend formula, HUFAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for HUFAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00406242 0.00409785 0.00405407 0.00408602 +0.00002400
Prev. Close Volume Bid Ask Time
0.00406242 2024-06-24 17:04:30
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