Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Swiss Franc/Hungarian Forint (FOREX:CHFHUF)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 CHFHUF
The long term trend has been DOWN since Apr 16th, 2018 at 261.060
The intermediate term trend has been UP since May 8th, 2018 at 263.945
The short term trend has been UP since May 15th, 2018 at 264.530
Smart Scan Analysis for CHFHUF
Based on a pre-defined weighted trend formula for chart analysis, CHFHUF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).