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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.

FOREX_CADHUF
Open High Low CADHUF Price Change
293.80500 299.21117 293.28835 297.39163 +3.58663
Entry Signal

MarketClub’s Trade Triangles for CADHUF

long term up The long-term trend has been UP since Feb 27th, 2022 at 260.37782

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2022 at 252.54446

short term up 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).

+90
Smart Scan Analysis for CADHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
293.80500 299.21117 293.28835 297.39163 +3.58663
Prev. Close Volume Bid Ask Time
293.80500 2022-07-01 17:10:48
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