Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Hungarian Forint/United Arab Emirates Dirham (FOREX:HUFAED)
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 HUFAED
The long term trend has been DOWN since May 2nd, 2019 at 0.01265800
The intermediate term trend has been DOWN since Jan 9th, 2020 at 0.01223992
The short term trend has been DOWN since Jan 23rd, 2020 at 0.01208195
Smart Scan Analysis for HUFAED
Based on a pre-defined weighted trend formula for chart analysis, HUFAED scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).