Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
United Arab Emirates Dirham/Hungarian Forint (FOREX:AEDHUF)
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.
MarketClub’s Trade Triangles for AEDHUF
The long term trend has been UP since Apr 1st, 2019 at 78.0555
The intermediate term trend has been UP since Aug 22nd, 2019 at 80.7155
The short term trend has been DOWN since Sep 13th, 2019 at 81.4045
Smart Scan Analysis for AEDHUF
Based on a pre-defined weighted trend formula for chart analysis, AEDHUF scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).