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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

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 ?

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

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FOREX_HUFCAD
Open High Low HUFCAD Price Change
0.00427770 0.00429144 0.00426298 0.00427393 -0.00000400
Entry Signal

MarketClub’s Trade Triangles for HUFCAD

long term down The long-term trend has been DOWN since Apr 1st, 2019 at 0.00465900

intermediate term down The intermediate-term trend has been DOWN since Jan 3rd, 2020 at 0.00437575

short term down The short-term trend has been DOWN since Feb 7th, 2020 at 0.00433191

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
0.00427770 0.00429144 0.00426298 0.00427393 -0.00000400
Prev. Close Volume Bid Ask Time
0.00427770 0.00427312 0.00427474 2020-02-17 16:57:11
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