Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)
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 SGDHUF
The long term trend has been UP since Apr 26th, 2018 at 194.6835
The intermediate term trend has been DOWN since Sep 7th, 2018 at 202.6650
The short term trend has been DOWN since Sep 13th, 2018 at 202.4540
Smart Scan Analysis for SGDHUF
Based on a pre-defined weighted trend formula for chart analysis, SGDHUF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).