Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Canadian Dollar/Hungarian Forint (FOREX:CADHUF)
Crossroads (-60) - CADHUF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Apr 1st, 2020 at 236.82483
The intermediate-term trend has been DOWN since May 1st, 2020 at 227.38720
The short-term trend has been DOWN since May 28th, 2020 at 229.43031
Smart Scan Analysis for CADHUF
Based on our trend formula, CADHUF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).