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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Hungarian Forint/Australian Dollar (FOREX:HUFAUD)

Countertrend Down (-85) - HUFAUD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.00421309 0.00423118 0.00420733 0.00421015 -0.00000300
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 up The short-term trend has been UP since Mar 15th, 2024 at 0.00419614

Smart Scan Analysis for HUFAUD

Based on our trend formula, HUFAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for HUFAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00421309 0.00423118 0.00420733 0.00421015 -0.00000300
Prev. Close Volume Bid Ask Time
0.00421309 2024-03-19 06:43:38
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