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Forex Trend Analysis Report

Prepared for you on Tuesday, October 16, 2018.

Hungarian Forint/Mexican Peso (FOREX:HUFMXN)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_HUFMXN
Open High Low HUFMXN Price Change
0.067585 0.067960 0.067424 0.067464 -0.000121
Entry Signal

MarketClub’s Trade Triangles for HUFMXN

long term down The long term trend has been DOWN since Sep 28th, 2018 at 0.067531

intermediate term down The intermediate term trend has been DOWN since Sep 28th, 2018 at 0.067531

short term up The short term trend has been UP since Oct 16th, 2018 at 0.067778

Smart Scan Analysis for HUFMXN

Based on a pre-defined weighted trend formula for chart analysis, HUFMXN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for HUFMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.067585 0.067960 0.067424 0.067464 -0.000121
Prev. Close Volume Bid Ask Time
0.067585 0.067297 0.067631 2018-10-16 20:44:20
Want to analyze Hungarian Forint/Mexican Peso HUFMXN or another symbol? Try our Free Forex Trend Analysis Report.