Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
South African Rand/Hungarian Forint (FOREX:ZARHUF)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Apr 3rd, 2017 at 21.06350
The intermediate term trend has been DOWN since Sep 19th, 2017 at 19.33800
The short term trend has been DOWN since Oct 18th, 2017 at 19.42785
Smart Scan Analysis for ZARHUF
Based on a pre-defined weighted trend formula for chart analysis, ZARHUF scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).