Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
Hungarian Forint/Polish New Zloty (FOREX:HUFPLN)
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 HUFPLN
The long term trend has been UP since Nov 1st, 2018 at 0.013392
The intermediate term trend has been DOWN since Jan 15th, 2019 at 0.013278
The short term trend has been DOWN since Jan 14th, 2019 at 0.013352
Smart Scan Analysis for HUFPLN
Based on a pre-defined weighted trend formula for chart analysis, HUFPLN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).