Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Hungarian Forint/Czech Koruna (FOREX:HUFCZK)
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 HUFCZK
The long term trend has been DOWN since Jan 15th, 2019 at 0.079107
The intermediate term trend has been DOWN since Jan 4th, 2019 at 0.079587
The short term trend has been UP since Jan 17th, 2019 at 0.079658
Smart Scan Analysis for HUFCZK
Based on a pre-defined weighted trend formula for chart analysis, HUFCZK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).