Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Hungarian Forint/United Arab Emirates Dirham (FOREX:HUFAED)
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 HUFAED
The long term trend has been DOWN since Sep 28th, 2018 at 0.013201
The intermediate term trend has been UP since Jan 9th, 2019 at 0.013149
The short term trend has been DOWN since Jan 15th, 2019 at 0.013075
Smart Scan Analysis for HUFAED
Based on a pre-defined weighted trend formula for chart analysis, HUFAED scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).