Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Hungarian Forint/South African Rand (FOREX:HUFZAR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 HUFZAR
The long term trend has been UP since Jun 8th, 2018 at 0.04869
The intermediate term trend has been UP since Jun 6th, 2018 at 0.04744
The short term trend has been DOWN since Jun 22nd, 2018 at 0.04823
Smart Scan Analysis for HUFZAR
Based on a pre-defined weighted trend formula for chart analysis, HUFZAR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).