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Forex Trend Analysis Report

Prepared for you on Monday, October 23, 2017.

US Dollar/Hungarian Forint (FOREX:USDHUF)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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.

Open High Low USDHUF Price Change
261.520 262.660 261.240 262.407 +0.887
Entry Signal

MarketClub’s Trade Triangles for USDHUF

long term down The long term trend has been DOWN since Mar 21st, 2017 at 285.02

intermediate term up The intermediate term trend has been UP since Sep 13th, 2017 at 259.32

short term up The short term trend has been UP since Oct 23rd, 2017 at 262.08

Smart Scan Analysis for USDHUF

Based on a pre-defined weighted trend formula for chart analysis, USDHUF scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
261.520 262.660 261.240 262.407 +0.887
Prev. Close Volume Bid Ask Time
261.520 262.307 262.507 2017-10-23 15:04:20
Want to analyze US Dollar/Hungarian Forint USDHUF or another symbol? Try our Free Forex Trend Analysis Report.