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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

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.

Open High Low SGDHUF Price Change
223.3660 225.0105 223.3170 224.9480 +1.5820
Entry Signal

MarketClub’s Trade Triangles for SGDHUF

long term up The long term trend has been UP since Mar 27th, 2019 at 209.7890

intermediate term up The intermediate term trend has been UP since Jan 9th, 2020 at 221.3615

short term down The short term trend has been DOWN since Jan 21st, 2020 at 223.1265

Smart Scan Analysis for SGDHUF

Based on a pre-defined weighted trend formula for chart analysis, SGDHUF scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for SGDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
223.3660 225.0105 223.3170 224.9480 +1.5820
Prev. Close Volume Bid Ask Time
223.3660 224.8570 225.0390 2020-01-22 10:27:41
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