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Forex Trend Analysis Report
Prepared for you on Tuesday, May 24, 2022.
Canadian Dollar/Hungarian Forint (FOREX:CADHUF)
Sidelines Mode (+55) - CADHUF 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 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 Feb 27th, 2022 at 260.37782
The intermediate-term trend has been UP since Feb 23rd, 2022 at 252.54446
The short-term trend has been DOWN since May 18th, 2022 at 285.10166
Smart Scan Analysis for CADHUF
Based on our trend formula, CADHUF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 279.62000 | 280.74500 | 277.41524 | 277.82622 | -1.79378 |
| Prev. Close | Volume | Bid | Ask | Time |
| 279.62000 | 2022-05-24 10:37:27 |