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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

Hungarian Forint/Canadian Dollar (FOREX:HUFCAD)

Sidelines Mode (+50) - HUFCAD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HUFCAD can gain momentum.

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.

FOREX_HUFCAD
Open High Low HUFCAD Price Change
0.00409606 0.00413503 0.00408809 0.00412479 +0.00002900
Entry Signal

MarketClub’s Trade Triangles for HUFCAD

long term down The long-term trend has been DOWN since Sep 4th, 2020 at 0.00428435

intermediate term up The intermediate-term trend has been UP since Apr 5th, 2021 at 0.00410432

short term up The short-term trend has been UP since Apr 20th, 2021 at 0.00418217

Smart Scan Analysis for HUFCAD

Based on our trend formula, HUFCAD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for HUFCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00409606 0.00413503 0.00408809 0.00412479 +0.00002900
Prev. Close Volume Bid Ask Time
0.00409606 2021-05-07 15:02:42
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