Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Hungarian Forint/Singapore Dollar (FOREX:HUFSGD)
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 HUFSGD
The long term trend has been DOWN since Oct 24th, 2018 at 0.004872
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 0.004790
The short term trend has been UP since Jan 18th, 2019 at 0.004839
Smart Scan Analysis for HUFSGD
Based on a pre-defined weighted trend formula for chart analysis, HUFSGD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).