Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
Hungarian Forint/Norwegian Krone (FOREX:HUFNOK)
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 HUFNOK
The long term trend has been DOWN since Sep 18th, 2017 at 0.03025
The intermediate term trend has been UP since Oct 12th, 2017 at 0.03035
The short term trend has been UP since Oct 18th, 2017 at 0.03035
Smart Scan Analysis for HUFNOK
Based on a pre-defined weighted trend formula for chart analysis, HUFNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).