Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
South African Rand/Hungarian Forint (FOREX:ZARHUF)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.
MarketClub’s Trade Triangles for ZARHUF
The long term trend has been UP since Dec 15th, 2017 at 20.14850
The intermediate term trend has been DOWN since Jan 15th, 2018 at 20.41200
The short term trend has been UP since Jan 18th, 2018 at 20.68105
Smart Scan Analysis for ZARHUF
Based on a pre-defined weighted trend formula for chart analysis, ZARHUF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).