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Forex Trend Analysis Report

Prepared for you on Saturday, March 25, 2023.

Canadian Dollar/Hungarian Forint (FOREX:CADHUF)

Bear Market Rally (-75) - CADHUF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADHUF as it may be in the beginning of a reversal.

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
258.47681 263.57335 258.01786 258.98635 +0.50954
Entry Signal

MarketClub’s Trade Triangles for CADHUF

long term down The long-term trend has been DOWN since Nov 7th, 2022 at 297.41018

intermediate term up The intermediate-term trend has been UP since Mar 14th, 2023 at 268.39000

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 268.86879

Smart Scan Analysis for CADHUF

Based on our trend formula, CADHUF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CADHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
258.47681 263.57335 258.01786 258.98635 +0.50954
Prev. Close Volume Bid Ask Time
258.47681 2023-03-24 17:37:09
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