Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Hungarian Forint/Czech Koruna (FOREX:HUFCZK)
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 HUFCZK
The long term trend has been DOWN since May 1st, 2019 at 0.07908300
The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.07653052
The short term trend has been DOWN since Jan 6th, 2020 at 0.07670015
Smart Scan Analysis for HUFCZK
Based on a pre-defined weighted trend formula for chart analysis, HUFCZK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).