Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Canadian Dollar/Hungarian Forint (FOREX:CADHUF)
Long-Term Uptrend (+90) - CADHUF is in a strong uptrend that is likely to continue. While CADHUF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 Feb 27th, 2022 at 260.37782
The intermediate-term trend has been UP since Feb 23rd, 2022 at 252.54446
The short-term trend has been UP since Jul 1st, 2022 at 296.34821
Smart Scan Analysis for CADHUF
Based on our trend formula, CADHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).