Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Hungarian Forint/US Dollar (FOREX:HUFUSD)
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 HUFUSD
The long term trend has been DOWN since Apr 30th, 2018 at 0.003850
The intermediate term trend has been UP since Dec 19th, 2018 at 0.003539
The short term trend has been UP since Jan 18th, 2019 at 0.003570
Smart Scan Analysis for HUFUSD
Based on a pre-defined weighted trend formula for chart analysis, HUFUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).