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Forex Trend Analysis Report

Prepared for you on Tuesday, July 17, 2018.

US Dollar/Hungarian Forint (FOREX:USDHUF)

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.

FOREX_USDHUF
Open High Low USDHUF Price Change
275.944 277.770 274.935 277.495 +1.551
Entry Signal

MarketClub’s Trade Triangles for USDHUF

long term up The long term trend has been UP since May 1st, 2018 at 259.90

intermediate term down The intermediate term trend has been DOWN since Jul 9th, 2018 at 274.37

short term down The short term trend has been DOWN since Jul 16th, 2018 at 276.17

Smart Scan Analysis for USDHUF

Based on a pre-defined weighted trend formula for chart analysis, USDHUF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for USDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
275.944 277.770 274.935 277.495 +1.551
Prev. Close Volume Bid Ask Time
275.944 277.195 277.795 2018-07-17 22:53:00
Want to analyze US Dollar/Hungarian Forint USDHUF or another symbol? Try our Free Forex Trend Analysis Report.