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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.

FOREX_HUFNOK
Open High Low HUFNOK Price Change
0.03055 0.03055 0.03045 0.03050 -0.00005
Entry Signal

MarketClub’s Trade Triangles for HUFNOK

long term down The long term trend has been DOWN since Sep 18th, 2017 at 0.03025

intermediate term up The intermediate term trend has been UP since Oct 12th, 2017 at 0.03035

short term up 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).

+60
Smart Scan Analysis for HUFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03055 0.03055 0.03045 0.03050 -0.00005
Prev. Close Volume Bid Ask Time
0.03055 0.03050 0.03050 2017-10-23 13:59:44
Want to analyze Hungarian Forint/Norwegian Krone HUFNOK or another symbol? Try our Free Forex Trend Analysis Report.