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.
MarketClub’s Trade Triangles for HUFMXN
The long term trend has been DOWN since Sep 28th, 2018 at 0.067531
The intermediate term trend has been DOWN since Sep 28th, 2018 at 0.067531
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).