Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Hungarian Forint/Canadian Dollar (FOREX:HUFCAD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 HUFCAD
The long term trend has been DOWN since Apr 1st, 2019 at 0.00465900
The intermediate term trend has been DOWN since Jan 3rd, 2020 at 0.00437575
The short term trend has been DOWN since Feb 7th, 2020 at 0.00433191
Smart Scan Analysis for HUFCAD
Based on a pre-defined weighted trend formula for chart analysis, HUFCAD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).