Forex Trend Analysis Report
Prepared for you on Wednesday, January 24, 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 203.65
The intermediate term trend has been UP since Jan 9th, 2018 at 208.22
The short term trend has been DOWN since Jan 10th, 2018 at 206.41
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).