Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Canadian Dollar/Hungarian Forint (FOREX:CADHUF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 Jul 16th, 2018 at 208.875
The short term trend has been UP since Jul 18th, 2018 at 210.880
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).