Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Hungarian Forint/Norwegian Krone (FOREX:HUFNOK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 HUFNOK
The long term trend has been UP since Nov 14th, 2017 at 0.03090
The intermediate term trend has been DOWN since Jan 8th, 2018 at 0.03135
The short term trend has been DOWN since Jan 18th, 2018 at 0.03115
Smart Scan Analysis for HUFNOK
Based on a pre-defined weighted trend formula for chart analysis, HUFNOK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).