Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
Czech Koruna/Hungarian Forint (FOREX:CZKHUF)
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 CZKHUF
The long term trend has been UP since May 1st, 2019 at 12.64390
The intermediate term trend has been UP since Mar 26th, 2019 at 12.34725
The short term trend has been DOWN since May 22nd, 2019 at 12.64235
Smart Scan Analysis for CZKHUF
Based on a pre-defined weighted trend formula for chart analysis, CZKHUF scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).