Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Swiss Franc/Hungarian Forint (FOREX:CHFHUF)
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 CHFHUF
The long term trend has been DOWN since May 7th, 2017 at 286.36
The intermediate term trend has been UP since Dec 1st, 2017 at 270.44
The short term trend has been DOWN since Dec 15th, 2017 at 268.59
Smart Scan Analysis for CHFHUF
Based on a pre-defined weighted trend formula for chart analysis, CHFHUF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).