Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Hungarian Forint/Swiss Franc (FOREX:HUFCHF)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 HUFCHF
The long term trend has been DOWN since May 15th, 2019 at 0.00346900
The intermediate term trend has been DOWN since Dec 24th, 2019 at 0.00327677
The short term trend has been DOWN since Jan 7th, 2020 at 0.00327450
Smart Scan Analysis for HUFCHF
Based on a pre-defined weighted trend formula for chart analysis, HUFCHF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).