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Forex Trend Analysis Report

Prepared for you on Wednesday, October 24, 2018.

Hungarian Forint/Japanese Yen (FOREX:HUFJPY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_HUFJPY
Open High Low HUFJPY Price Change
0.39992 0.39992 0.39955 0.39978 -0.00014
Entry Signal

MarketClub’s Trade Triangles for HUFJPY

long term up The long term trend has been UP since Sep 21st, 2018 at 0.41044

intermediate term down The intermediate term trend has been DOWN since Oct 8th, 2018 at 0.40034

short term down The short term trend has been DOWN since Oct 23rd, 2018 at 0.39726

Smart Scan Analysis for HUFJPY

Based on a pre-defined weighted trend formula for chart analysis, HUFJPY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for HUFJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.39992 0.39992 0.39955 0.39978 -0.00014
Prev. Close Volume Bid Ask Time
0.39992 0.39878 0.40078 2018-10-24 00:33:25
Want to analyze Hungarian Forint/Japanese Yen HUFJPY or another symbol? Try our Free Forex Trend Analysis Report.