Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
Swedish Krona/Hungarian Forint (FOREX:SEKHUF)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SEKHUF
The long term trend has been UP since Jun 11th, 2018 at 31.43905
The intermediate term trend has been DOWN since Jul 13th, 2018 at 31.13670
The short term trend has been DOWN since Aug 16th, 2018 at 31.00260
Smart Scan Analysis for SEKHUF
Based on a pre-defined weighted trend formula for chart analysis, SEKHUF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).