Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
British Pound/Hungarian Forint (FOREX:GBPHUF)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 GBPHUF
The long term trend has been UP since Sep 27th, 2017 at 355.850
The intermediate term trend has been UP since Oct 30th, 2017 at 352.015
The short term trend has been DOWN since Dec 15th, 2017 at 355.315
Smart Scan Analysis for GBPHUF
Based on a pre-defined weighted trend formula for chart analysis, GBPHUF scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).