Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Canadian Dollar/Hungarian Forint (FOREX:CADHUF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 CADHUF
The long term trend has been UP since May 1st, 2018 at 203.150
The intermediate term trend has been DOWN since Oct 22nd, 2018 at 213.670
The short term trend has been UP since Dec 14th, 2018 at 213.775
Smart Scan Analysis for CADHUF
Based on a pre-defined weighted trend formula for chart analysis, CADHUF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).