Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Hong Kong Dollar/Hungarian Forint (FOREX:HKDHUF)
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 HKDHUF
The long term trend has been UP since May 1st, 2018 at 33.10550
The intermediate term trend has been DOWN since Dec 19th, 2018 at 36.15225
The short term trend has been DOWN since Jan 18th, 2019 at 35.72250
Smart Scan Analysis for HKDHUF
Based on a pre-defined weighted trend formula for chart analysis, HKDHUF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).