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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Hungarian Forint/Canadian Dollar (FOREX:HUFCAD)

Weak Downtrend (-65) - HUFCAD is showing signs of a strengthening downtrend. Monitor HUFCAD as it may be building momentum to the downside.

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
0.00392886 0.00394353 0.00386817 0.00388740 -0.00004100
Entry Signal

MarketClub’s Trade Triangles for HUFCAD

long term down The long-term trend has been DOWN since Sep 30th, 2021 at 0.00408725

intermediate term up The intermediate-term trend has been UP since Dec 2nd, 2021 at 0.00401770

short term down The short-term trend has been DOWN since Dec 6th, 2021 at 0.00394972

Smart Scan Analysis for HUFCAD

Based on our trend formula, HUFCAD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for HUFCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00392886 0.00394353 0.00386817 0.00388740 -0.00004100
Prev. Close Volume Bid Ask Time
0.00392886 2021-12-07 23:38:26
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