Forex Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
Hungarian Forint/Norwegian Krone (FOREX:HUFNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since Mar 15th, 2018 at 0.03055
The intermediate term trend has been UP since Jul 16th, 2018 at 0.02940
The short term trend has been UP since Aug 16th, 2018 at 0.02960
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).