Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
Hungarian Forint/Euro (FOREX:HUFEUR)
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 HUFEUR
The long term trend has been DOWN since May 1st, 2018 at 0.003180
The intermediate term trend has been DOWN since Nov 26th, 2018 at 0.003091
The short term trend has been DOWN since Dec 5th, 2018 at 0.003087
Smart Scan Analysis for HUFEUR
Based on a pre-defined weighted trend formula for chart analysis, HUFEUR scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).