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.
MarketClub’s Trade Triangles for HUFCAD
The long-term trend has been UP since Jul 22nd, 2020 at 0.00447010
The intermediate-term trend has been UP since Jul 19th, 2020 at 0.00439924
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).