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Forex Trend Analysis Report

Prepared for you on Thursday, August 16, 2018.

Hungarian Forint/Japanese Yen (FOREX:HUFJPY)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_HUFJPY
Open High Low HUFJPY Price Change
0.38887 0.39049 0.38837 0.38926 +0.00039
Entry Signal

MarketClub’s Trade Triangles for HUFJPY

long term down The long term trend has been DOWN since Feb 23rd, 2018 at 0.41882

intermediate term down The intermediate term trend has been DOWN since Aug 10th, 2018 at 0.39700

short term down The short term trend has been DOWN since Aug 9th, 2018 at 0.40089

Smart Scan Analysis for HUFJPY

Based on a pre-defined weighted trend formula for chart analysis, HUFJPY scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for HUFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.38887 0.39049 0.38837 0.38926 +0.00039
Prev. Close Volume Bid Ask Time
0.38887 0.38826 0.39026 2018-08-16 08:23:27
Want to analyze Hungarian Forint/Japanese Yen HUFJPY or another symbol? Try our Free Forex Trend Analysis Report.