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Forex Trend Analysis Report

Prepared for you on Sunday, October 1, 2023.

Hungarian Forint/Canadian Dollar (FOREX:HUFCAD)

Long-Term Downtrend (-90) - HUFCAD is in a strong downtrend that is likely to continue. While HUFCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HUFCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for HUFCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HUFCAD
Open High Low HUFCAD Price Change
0.00364206 0.00369028 0.00363183 0.00368740 +0.00004500
Entry Signal

MarketClub’s Trade Triangles for HUFCAD

long term down The long-term trend has been DOWN since Jul 5th, 2023 at 0.00382479

intermediate term down The intermediate-term trend has been DOWN since Sep 5th, 2023 at 0.00377770

short term down The short-term trend has been DOWN since Sep 25th, 2023 at 0.00367108

Smart Scan Analysis for HUFCAD

Based on our trend formula, HUFCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HUFCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00364206 0.00369028 0.00363183 0.00368740 +0.00004500
Prev. Close Volume Bid Ask Time
0.00364206 2023-09-29 17:08:33
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