Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2019.
British Pound/Hungarian Forint (FOREX:GBPHUF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 GBPHUF
The long term trend has been UP since Mar 11th, 2019 at 370.885
The intermediate term trend has been DOWN since Apr 17th, 2019 at 367.885
The short term trend has been UP since Apr 23rd, 2019 at 370.360
Smart Scan Analysis for GBPHUF
Based on a pre-defined weighted trend formula for chart analysis, GBPHUF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).