Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 HKDHUF
The long term trend has been UP since May 1st, 2018 at 33.10550
The intermediate term trend has been UP since Oct 4th, 2018 at 35.98440
The short term trend has been DOWN since Nov 15th, 2018 at 36.24085
Smart Scan Analysis for HKDHUF
Based on a pre-defined weighted trend formula for chart analysis, HKDHUF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).