Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
Australian Dollar/Hungarian Forint (FOREX:AUDHUF)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AUDHUF
The long term trend has been DOWN since Sep 2nd, 2018 at 202.050
The intermediate term trend has been DOWN since Aug 28th, 2018 at 203.395
The short term trend has been DOWN since Oct 15th, 2018 at 199.100
Smart Scan Analysis for AUDHUF
Based on a pre-defined weighted trend formula for chart analysis, AUDHUF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).