Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Canadian Dollar/Hungarian Forint (FOREX:CADHUF)
Weak Downtrend (-65) - CADHUF is showing signs of a strengthening downtrend. Monitor CADHUF as it may be building momentum to the downside.
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 DOWN since Nov 14th, 2023 at 253.78585
The intermediate-term trend has been DOWN since Oct 22nd, 2023 at 263.14733
The short-term trend has been UP since Nov 30th, 2023 at 255.65334
Smart Scan Analysis for CADHUF
Based on our trend formula, CADHUF is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).