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Forex Trend Analysis Report
Prepared for you on Sunday, December 22, 2024.
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 Jun 21st, 2024 at 271.79734
The intermediate-term trend has been DOWN since Dec 13th, 2024 at 273.36752
The short-term trend has been UP since Dec 19th, 2024 at 277.51552
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 |
|---|---|---|---|---|
| 276.20473 | 276.46221 | 276.20473 | 276.46221 | +0.25748 |
| Prev. Close | Volume | Bid | Ask | Time |
| 276.20473 | 2024-12-21 08:23:54 |