Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Hungarian Forint/Mexican Peso (FOREX:HUFMXN)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.
MarketClub’s Trade Triangles for HUFMXN
The long term trend has been UP since Oct 19th, 2018 at 0.068561
The intermediate term trend has been DOWN since Dec 2nd, 2018 at 0.070613
The short term trend has been DOWN since Dec 7th, 2018 at 0.071399
Smart Scan Analysis for HUFMXN
Based on a pre-defined weighted trend formula for chart analysis, HUFMXN scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).