Forex Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
Australian Dollar/Hungarian Forint (FOREX:AUDHUF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 UP since May 16th, 2018 at 201.060
The intermediate term trend has been DOWN since Jul 5th, 2018 at 204.905
The short term trend has been DOWN since Jul 16th, 2018 at 204.925
Smart Scan Analysis for AUDHUF
Based on a pre-defined weighted trend formula for chart analysis, AUDHUF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).