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.
MarketClub’s Trade Triangles for HUFCAD
The long-term trend has been DOWN since Sep 4th, 2020 at 0.00428435
The intermediate-term trend has been UP since Apr 5th, 2021 at 0.00410432
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).