Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 USDHUF
The long term trend has been DOWN since Jan 1st, 2018 at 258.161
The intermediate term trend has been DOWN since Dec 24th, 2017 at 262.380
The short term trend has been DOWN since Jan 11th, 2018 at 256.160
Smart Scan Analysis for USDHUF
Based on a pre-defined weighted trend formula for chart analysis, USDHUF scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).