Forex Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
Hungarian Forint/US Dollar (FOREX:HUFUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 HUFUSD
The long term trend has been UP since Mar 27th, 2017 at 0.00351
The intermediate term trend has been DOWN since Sep 13th, 2017 at 0.00387
The short term trend has been UP since Nov 1st, 2017 at 0.00375
Smart Scan Analysis for HUFUSD
Based on a pre-defined weighted trend formula for chart analysis, HUFUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).