Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
British Pound/Hungarian Forint (FOREX:GBPHUF)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Aug 8th, 2018 at 354.605
The intermediate term trend has been DOWN since Nov 15th, 2018 at 363.050
The short term trend has been DOWN since Nov 15th, 2018 at 366.550
Smart Scan Analysis for GBPHUF
Based on a pre-defined weighted trend formula for chart analysis, GBPHUF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).