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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

Hungarian Forint/Canadian Dollar (FOREX:HUFCAD)

Long-Term Uptrend (+90) - HUFCAD is in a strong uptrend that is likely to continue. While HUFCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.00386254 0.00389847 0.00385131 0.00387661 +0.00001400
Entry Signal

MarketClub’s Trade Triangles for HUFCAD

long term up The long-term trend has been UP since Nov 7th, 2022 at 0.00336411

intermediate term up The intermediate-term trend has been UP since Mar 29th, 2023 at 0.00389352

short term up The short-term trend has been UP since Mar 21st, 2023 at 0.00371894

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
0.00386254 0.00389847 0.00385131 0.00387661 +0.00001400
Prev. Close Volume Bid Ask Time
0.00386254 2023-03-30 23:24:26
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