Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
Canadian Dollar/Hungarian Forint (FOREX:CADHUF)
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 CADHUF
The long term trend has been DOWN since Jan 1st, 2018 at 203.650
The intermediate term trend has been UP since Apr 3rd, 2018 at 197.825
The short term trend has been DOWN since Apr 16th, 2018 at 199.450
Smart Scan Analysis for CADHUF
Based on a pre-defined weighted trend formula for chart analysis, CADHUF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).