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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.

FOREX_CADHUF
Open High Low CADHUF Price Change
253.99000 257.74466 253.68154 256.80000 +2.81000
Entry Signal

MarketClub’s Trade Triangles for CADHUF

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 253.78585

intermediate term down The intermediate-term trend has been DOWN since Oct 22nd, 2023 at 263.14733

short term up 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).

-65
Smart Scan Analysis for CADHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
253.99000 257.74466 253.68154 256.80000 +2.81000
Prev. Close Volume Bid Ask Time
253.99000 2023-11-30 12:16:57
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