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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

Canadian Dollar/Hungarian Forint (FOREX:CADHUF)

Strong Downtrend (-100) - CADHUF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADHUF continues to fall. Traders should use caution and set stops.

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
260.70500 260.82143 260.16000 260.41149 -0.29351
Entry Signal

MarketClub’s Trade Triangles for CADHUF

long term down The long-term trend has been DOWN since May 13th, 2024 at 262.59326

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 May 21st, 2024 at 260.31619

Smart Scan Analysis for CADHUF

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

-100
Smart Scan Analysis for CADHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
260.70500 260.82143 260.16000 260.41149 -0.29351
Prev. Close Volume Bid Ask Time
260.70500 2024-05-21 02:46:18
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