Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
Hungarian Forint/Hong Kong Dollar (FOREX:HUFHKD)
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 HUFHKD
The long term trend has been DOWN since Sep 28th, 2018 at 0.028094
The intermediate term trend has been UP since Dec 19th, 2018 at 0.027658
The short term trend has been DOWN since Jan 15th, 2019 at 0.027919
Smart Scan Analysis for HUFHKD
Based on a pre-defined weighted trend formula for chart analysis, HUFHKD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).