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.
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, 2019 at 0.00465900
The intermediate-term trend has been DOWN since Jan 3rd, 2020 at 0.00437575
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).