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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Canadian Dollar/Hungarian Forint (FOREX:CADHUF)

Weak Downtrend (-65) - CADHUF is showing signs of a strengthening downtrend. Monitor CADHUF as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CADHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADHUF
Open High Low CADHUF Price Change
263.53793 263.92745 263.25528 263.29141 -0.24652
Entry Signal

MarketClub’s Trade Triangles for CADHUF

long term up The long-term trend has been UP since Mar 7th, 2024 at 269.16151

intermediate term down The intermediate-term trend has been DOWN since Apr 5th, 2024 at 266.13967

short term down The short-term trend has been DOWN since Apr 24th, 2024 at 268.56454

Smart Scan Analysis for CADHUF

Based on our trend formula, CADHUF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CADHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
263.53793 263.92745 263.25528 263.29141 -0.24652
Prev. Close Volume Bid Ask Time
263.53793 2024-05-09 07:03:00
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