Future Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
HUNGARIAN FORINT Dec 2017 (E) (NYBOT:VU.Z17.E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 VU.Z17.E
The long term trend has been DOWN since Dec 21st, 2016 at 295.980
The intermediate term trend has been DOWN since Oct 16th, 2017 at 259.565
The short term trend has been UP since Oct 17th, 2017 at 260.345
Smart Scan Analysis for VU.Z17.E
Based on a pre-defined weighted trend formula for chart analysis, VU.Z17.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||265.74||Contract High Date||2017-10-06|
|Contract Low||252.805||Contract Low Date||2017-09-08|
|Open Time||20:00||Close Time||17:00|