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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2019.

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.

FOREX_HUFCAD
Open High Low HUFCAD Price Change
0.004590 0.004593 0.004569 0.004580 -0.000010
Entry Signal

MarketClub’s Trade Triangles for HUFCAD

long term down The long term trend has been DOWN since Apr 1st, 2019 at 0.004659

intermediate term down The intermediate term trend has been DOWN since Mar 26th, 2019 at 0.004757

short term down The short term trend has been DOWN since May 14th, 2019 at 0.004647

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).

-90
Smart Scan Analysis for HUFCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.004590 0.004593 0.004569 0.004580 -0.000010
Prev. Close Volume Bid Ask Time
0.004590 0.004579 0.004580 2019-05-21 10:33:23
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