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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Canadian Dollar/Hungarian Forint (FOREX:CADHUF)
Sidelines Mode (+55) - CADHUF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for CADHUF
The long-term trend has been UP since Jun 21st, 2024 at 271.79734
The intermediate-term trend has been DOWN since Jul 11th, 2024 at 265.10269
The short-term trend has been UP since Jul 24th, 2024 at 262.40000
Smart Scan Analysis for CADHUF
Based on our trend formula, CADHUF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 261.56541 | 261.91751 | 259.75518 | 260.54602 | -1.01939 |
| Prev. Close | Volume | Bid | Ask | Time |
| 261.56541 | 2024-07-26 17:03:32 |