Forex Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Feb 8th, 2018 at 253.660
The short term trend has been DOWN since Mar 20th, 2018 at 251.890
Smart Scan Analysis for USDHUF
Based on a pre-defined weighted trend formula for chart analysis, USDHUF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).