Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
Hungarian Forint/Hong Kong Dollar (FOREX:HUFHKD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 HUFHKD
The long term trend has been DOWN since Sep 28th, 2018 at 0.028094
The intermediate term trend has been DOWN since Sep 28th, 2018 at 0.028094
The short term trend has been UP since Nov 15th, 2018 at 0.027592
Smart Scan Analysis for HUFHKD
Based on a pre-defined weighted trend formula for chart analysis, HUFHKD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).