Forex Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
New Zealand Dollar/Hungarian Forint (FOREX:NZDHUF)
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 NZDHUF
The long term trend has been UP since May 18th, 2018 at 186.8280
The intermediate term trend has been DOWN since Jul 2nd, 2018 at 190.3235
The short term trend has been UP since Aug 10th, 2018 at 186.4830
Smart Scan Analysis for NZDHUF
Based on a pre-defined weighted trend formula for chart analysis, NZDHUF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).