Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
Hungarian Forint/Swiss Franc (FOREX:HUFCHF)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 HUFCHF
The long term trend has been DOWN since May 23rd, 2018 at 0.003652
The intermediate term trend has been DOWN since Nov 26th, 2018 at 0.003504
The short term trend has been UP since Dec 13th, 2018 at 0.003500
Smart Scan Analysis for HUFCHF
Based on a pre-defined weighted trend formula for chart analysis, HUFCHF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).