Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Canadian Dollar/Hungarian Forint (FOREX:CADHUF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 CADHUF
The long term trend has been DOWN since Dec 18th, 2018 at 211.100
The intermediate term trend has been DOWN since Feb 26th, 2019 at 210.865
The short term trend has been UP since Mar 22nd, 2019 at 208.250
Smart Scan Analysis for CADHUF
Based on a pre-defined weighted trend formula for chart analysis, CADHUF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).