Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, October 15, 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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CADHUF
The long-term trend has been UP since Jun 21st, 2024 at 271.79734
The intermediate-term trend has been UP since Oct 1st, 2024 at 265.70305
The short-term trend has been DOWN since Oct 8th, 2024 at 268.17870
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 266.51358 | 266.97649 | 265.24556 | 266.75500 | +0.24142 |
| Prev. Close | Volume | Bid | Ask | Time |
| 266.51358 | 2024-10-15 17:40:36 |