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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.

FOREX_HUFCAD
Open High Low HUFCAD Price Change
0.00437369 0.00437701 0.00434712 0.00437701 +0.00000300
Entry Signal

MarketClub’s Trade Triangles for HUFCAD

long term down The long-term trend has been DOWN since Apr 1st, 2020 at 0.00422253

intermediate term up The intermediate-term trend has been UP since May 1st, 2020 at 0.00439772

short term down 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).

+55
Smart Scan Analysis for HUFCAD
Strong Downtrend Sideways 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
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