Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SGDHUF
The long term trend has been DOWN since Jan 12th, 2018 at 191.2865
The intermediate term trend has been DOWN since Apr 16th, 2018 at 191.6970
The short term trend has been UP since Apr 20th, 2018 at 192.0835
Smart Scan Analysis for SGDHUF
Based on a pre-defined weighted trend formula for chart analysis, SGDHUF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).