Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
Czech Koruna/Hungarian Forint (FOREX:CZKHUF)
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 CZKHUF
The long term trend has been DOWN since Nov 2nd, 2018 at 12.44825
The intermediate term trend has been UP since Nov 26th, 2018 at 12.48765
The short term trend has been UP since Dec 4th, 2018 at 12.48285
Smart Scan Analysis for CZKHUF
Based on a pre-defined weighted trend formula for chart analysis, CZKHUF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).