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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.

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FOREX_HUFCAD
Open High Low HUFCAD Price Change
0.00370276 0.00371885 0.00370185 0.00371585 +0.00001300
Entry Signal

MarketClub’s Trade Triangles for HUFCAD

long term down The long-term trend has been DOWN since Mar 7th, 2024 at 0.00371528

intermediate term down The intermediate-term trend has been DOWN since Jan 23rd, 2024 at 0.00380353

short term down 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).

-90
Smart Scan Analysis for HUFCAD
Strong Downtrend Sideways 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
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