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.
MarketClub’s Trade Triangles for USDHUF
The long term trend has been DOWN since Mar 21st, 2017 at 285.02
The intermediate term trend has been UP since Sep 13th, 2017 at 259.32
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).