Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Hungarian Forint/Canadian Dollar (FOREX:HUFCAD)
Sidelines Mode (+55) - HUFCAD 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 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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for HUFCAD
The long-term trend has been DOWN since Apr 1st, 2020 at 0.00422253
The intermediate-term trend has been UP since May 1st, 2020 at 0.00439772
The short-term trend has been DOWN since Jun 2nd, 2020 at 0.00436753
Smart Scan Analysis for HUFCAD
Based on our trend formula, HUFCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00437369 | 0.00437701 | 0.00434712 | 0.00437701 | +0.00000300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00437369 | 0.00437620 | 0.00437782 | 2020-06-02 05:09:58 |