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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.

FOREX_CADHUF
Open High Low CADHUF Price Change
279.62000 280.74500 277.41524 277.82622 -1.79378
Entry Signal

MarketClub’s Trade Triangles for CADHUF

long term up The long-term trend has been UP since Feb 27th, 2022 at 260.37782

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2022 at 252.54446

short term down 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).

+55
Smart Scan Analysis for CADHUF
Strong Downtrend Sideways 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
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