Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
Hungarian Forint/Japanese Yen (FOREX:HUFJPY)
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 HUFJPY
The long term trend has been DOWN since Feb 23rd, 2018 at 0.41882
The intermediate term trend has been DOWN since Apr 30th, 2018 at 0.42159
The short term trend has been UP since Jun 22nd, 2018 at 0.39650
Smart Scan Analysis for HUFJPY
Based on a pre-defined weighted trend formula for chart analysis, HUFJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).