Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Hungarian Forint/Icelandic Krona (FOREX:HUFISK)
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 HUFISK
The long term trend has been DOWN since Mar 23rd, 2018 at 0.39000
The intermediate term trend has been DOWN since Aug 20th, 2018 at 0.37910
The short term trend has been UP since Aug 21st, 2018 at 0.38425
Smart Scan Analysis for HUFISK
Based on a pre-defined weighted trend formula for chart analysis, HUFISK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).