Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Hungarian Forint/Japanese Yen (FOREX:HUFJPY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Sep 21st, 2018 at 0.41044
The intermediate term trend has been DOWN since Nov 27th, 2018 at 0.39558
The short term trend has been UP since Dec 10th, 2018 at 0.39834
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).