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Forex Trend Analysis Report
Prepared for you on Friday, November 15, 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.
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MarketClub’s Trade Triangles for HUFAUD
The long-term trend has been DOWN since Oct 1st, 2024 at 0.00404342
The intermediate-term trend has been DOWN since Aug 26th, 2024 at 0.00416759
The short-term trend has been UP since Nov 14th, 2024 at 0.00399987
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00401224 | 0.00403131 | 0.00397819 | 0.00398800 | -0.00002400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00401224 | 2024-11-15 22:51:42 |