Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
Canadian Dollar/Hungarian Forint (FOREX:CADHUF)
Bear Market Rally (-75) - CADHUF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADHUF as it may be in the beginning of a reversal.
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 7th, 2022 at 297.41018
The intermediate-term trend has been UP since Mar 14th, 2023 at 268.39000
The short-term trend has been DOWN since Mar 21st, 2023 at 268.86879
Smart Scan Analysis for CADHUF
Based on our trend formula, CADHUF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).