Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
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 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.
MarketClub’s Trade Triangles for HUFCAD
The long-term trend has been DOWN since Jul 5th, 2023 at 0.00382479
The intermediate-term trend has been DOWN since Sep 5th, 2023 at 0.00377770
The short-term trend has been DOWN since Sep 25th, 2023 at 0.00367108
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).