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Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

Hungarian Forint/British Pound (FOREX:HUFGBP)

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.

FOREX_HUFGBP
Open High Low HUFGBP Price Change
0.00254518 0.00254703 0.00252803 0.00253349 -0.00001200
Entry Signal

MarketClub’s Trade Triangles for HUFGBP

long term down The long term trend has been DOWN since Sep 5th, 2019 at 0.00271600

intermediate term down The intermediate term trend has been DOWN since Jan 17th, 2020 at 0.00253865

short term down The short term trend has been DOWN since Jan 17th, 2020 at 0.00254319

Smart Scan Analysis for HUFGBP

Based on a pre-defined weighted trend formula for chart analysis, HUFGBP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for HUFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00254518 0.00254703 0.00252803 0.00253349 -0.00001200
Prev. Close Volume Bid Ask Time
0.00254518 0.00252622 0.00254076 2020-01-17 13:31:28
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