Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
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.
MarketClub’s Trade Triangles for HUFAUD
The long-term trend has been DOWN since Sep 22nd, 2023 at 0.00421628
The intermediate-term trend has been DOWN since Nov 30th, 2023 at 0.00433967
The short-term trend has been DOWN since Nov 30th, 2023 at 0.00435141
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).