Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Czech Koruna/Hungarian Forint (FOREX:CZKHUF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 CZKHUF
The long term trend has been UP since May 13th, 2018 at 12.37860
The intermediate term trend has been DOWN since Sep 24th, 2018 at 12.62940
The short term trend has been UP since Oct 19th, 2018 at 12.50565
Smart Scan Analysis for CZKHUF
Based on a pre-defined weighted trend formula for chart analysis, CZKHUF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).