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Forex Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

Hungarian Forint/Canadian Dollar (FOREX:HUFCAD)

Countertrend Up (+85) - HUFCAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.00456280 0.00456713 0.00453047 0.00455760 -0.00000500
Entry Signal

MarketClub’s Trade Triangles for HUFCAD

long term up The long-term trend has been UP since Jul 22nd, 2020 at 0.00447010

intermediate term up The intermediate-term trend has been UP since Jul 19th, 2020 at 0.00439924

short term down The short-term trend has been DOWN since Aug 3rd, 2020 at 0.00454268

Smart Scan Analysis for HUFCAD

Based on our trend formula, HUFCAD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for HUFCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00456280 0.00456713 0.00453047 0.00455760 -0.00000500
Prev. Close Volume Bid Ask Time
0.00456280 0.00455576 0.00455943 2020-08-07 17:30:52
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