Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Euro/Hungarian Forint (FOREX:EURHUF)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 EURHUF
The long term trend has been UP since Apr 30th, 2019 at 324.0135
The intermediate term trend has been UP since Mar 25th, 2019 at 316.8305
The short term trend has been DOWN since May 24th, 2019 at 326.1320
Smart Scan Analysis for EURHUF
Based on a pre-defined weighted trend formula for chart analysis, EURHUF scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).