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Forex Trend Analysis Report

Prepared for you on Friday, August 14, 2020.

Hungarian Forint/Australian Dollar (FOREX:HUFAUD)

Crossroads (+60) - HUFAUD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.00478886 0.00479088 0.00476862 0.00477010 -0.00001900
Entry Signal

MarketClub’s Trade Triangles for HUFAUD

long term down The long-term trend has been DOWN since Apr 23rd, 2020 at 0.00476476

intermediate term up The intermediate-term trend has been UP since Jul 20th, 2020 at 0.00464524

short term up The short-term trend has been UP since Aug 11th, 2020 at 0.00477233

Smart Scan Analysis for HUFAUD

Based on our trend formula, HUFAUD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for HUFAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00478886 0.00479088 0.00476862 0.00477010 -0.00001900
Prev. Close Volume Bid Ask Time
0.00478886 0.00476282 0.00477738 2020-08-14 04:56:49
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