Forex Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
New Zealand Dollar/Hungarian Forint (FOREX:NZDHUF)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Mar 3rd, 2017 at 205.1495
The intermediate term trend has been UP since Feb 18th, 2018 at 185.5535
The short term trend has been UP since Feb 9th, 2018 at 184.1960
Smart Scan Analysis for NZDHUF
Based on a pre-defined weighted trend formula for chart analysis, NZDHUF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).