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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Canadian Dollar/Hungarian Forint (FOREX:CADHUF)

Countertrend Up (+85) - CADHUF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
268.11500 268.26748 267.99750 268.26550 +0.15050
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 up The intermediate-term trend has been UP since Jan 23rd, 2024 at 262.85608

short term down The short-term trend has been DOWN since Mar 15th, 2024 at 267.23582

Smart Scan Analysis for CADHUF

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

+85
Smart Scan Analysis for CADHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
268.11500 268.26748 267.99750 268.26550 +0.15050
Prev. Close Volume Bid Ask Time
268.11500 2024-03-19 00:41:16
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