Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
British Pound/Hungarian Forint (FOREX:GBPHUF)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DOWN since Oct 10th, 2017 at 346.475
The short term trend has been DOWN since Oct 17th, 2017 at 345.175
Smart Scan Analysis for GBPHUF
Based on a pre-defined weighted trend formula for chart analysis, GBPHUF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).