Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Swiss Franc/Hungarian Forint (FOREX:CHFHUF)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 CHFHUF
The long term trend has been DOWN since Jan 21st, 2019 at 280.210
The intermediate term trend has been DOWN since Jan 17th, 2019 at 283.180
The short term trend has been DOWN since Feb 12th, 2019 at 279.755
Smart Scan Analysis for CHFHUF
Based on a pre-defined weighted trend formula for chart analysis, CHFHUF scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).