Forex Trend Analysis Report
Prepared for you on Friday, March 29, 2024.
Hungarian Forint/Canadian Dollar (FOREX:HUFCAD)
Long-Term Downtrend (-90) - HUFCAD is in a strong downtrend that is likely to continue. While HUFCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HUFCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HUFCAD.
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 HUFCAD
The long-term trend has been DOWN since Mar 7th, 2024 at 0.00371528
The intermediate-term trend has been DOWN since Jan 23rd, 2024 at 0.00380353
The short-term trend has been DOWN since Mar 19th, 2024 at 0.00371875
Smart Scan Analysis for HUFCAD
Based on our trend formula, HUFCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.00370276 | 0.00371885 | 0.00370185 | 0.00371585 | +0.00001300 |
Prev. Close | Volume | Bid | Ask | Time |
0.00370276 | 2024-03-29 10:46:39 |