Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Hungarian Forint/Icelandic Krona (FOREX:HUFISK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 HUFISK
The long term trend has been UP since Sep 6th, 2018 at 0.39300
The intermediate term trend has been UP since Sep 4th, 2018 at 0.38715
The short term trend has been DOWN since Oct 19th, 2018 at 0.41680
Smart Scan Analysis for HUFISK
Based on a pre-defined weighted trend formula for chart analysis, HUFISK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).