Forex Trend Analysis Report
Prepared for you on Monday, June 26, 2017.
British Pound/Hungarian Forint (FOREX:GBPHUF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DOWN since May 26th, 2017 at 353.5400
The intermediate term trend has been DOWN since May 12th, 2017 at 365.4275
The short term trend has been UP since Jun 23rd, 2017 at 352.3600
Smart Scan Analysis for GBPHUF
Based on a pre-defined weighted trend formula for chart analysis, GBPHUF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).