Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Hungarian Forint/Australian Dollar (FOREX:HUFAUD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HUFAUD
The long term trend has been DOWN since Sep 6th, 2019 at 0.004880
The intermediate term trend has been DOWN since Aug 26th, 2019 at 0.004980
The short term trend has been UP since Sep 19th, 2019 at 0.004889
Smart Scan Analysis for HUFAUD
Based on a pre-defined weighted trend formula for chart analysis, HUFAUD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).