Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Euro/Hungarian Forint (FOREX:EURHUF)
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 EURHUF
The long term trend has been UP since Sep 21st, 2017 at 310.3005
The intermediate term trend has been DOWN since Sep 18th, 2018 at 323.1345
The short term trend has been UP since Sep 23rd, 2018 at 324.3220
Smart Scan Analysis for EURHUF
Based on a pre-defined weighted trend formula for chart analysis, EURHUF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).