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Forex Trend Analysis Report

Prepared for you on Saturday, January 25, 2020.

Hungarian Forint/Euro (FOREX:HUFEUR)

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.

FOREX_HUFEUR
Open High Low HUFEUR Price Change
0.00296824 0.00298036 0.00296817 0.00297447 +0.00000600
Entry Signal

MarketClub’s Trade Triangles for HUFEUR

long term down The long term trend has been DOWN since Apr 30th, 2019 at 0.00308700

intermediate term down The intermediate term trend has been DOWN since Jan 9th, 2020 at 0.00300725

short term down The short term trend has been DOWN since Jan 23rd, 2020 at 0.00296682

Smart Scan Analysis for HUFEUR

Based on a pre-defined weighted trend formula for chart analysis, HUFEUR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for HUFEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00296824 0.00298036 0.00296817 0.00297447 +0.00000600
Prev. Close Volume Bid Ask Time
0.00296824 0.00297112 0.00297782 2020-01-24 17:07:12
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