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Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
Canadian Dollar/Hungarian Forint (FOREX:CADHUF)
Long-Term Uptrend (+90) - CADHUF is in a strong uptrend that is likely to continue. While CADHUF 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 CADHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADHUF
The long-term trend has been UP since Jul 5th, 2023 at 261.43381
The intermediate-term trend has been UP since Sep 5th, 2023 at 264.71014
The short-term trend has been UP since Sep 12th, 2023 at 264.81024
Smart Scan Analysis for CADHUF
Based on our trend formula, CADHUF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 270.34000 | 272.39961 | 269.26418 | 271.06698 | +0.72698 |
| Prev. Close | Volume | Bid | Ask | Time |
| 270.34000 | 2023-09-22 17:07:55 |