Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Hungarian Forint/Canadian Dollar (FOREX:HUFCAD)
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 HUFCAD
The long term trend has been UP since Dec 18th, 2018 at 0.004738
The intermediate term trend has been DOWN since Feb 11th, 2019 at 0.004698
The short term trend has been UP since Feb 19th, 2019 at 0.004721
Smart Scan Analysis for HUFCAD
Based on a pre-defined weighted trend formula for chart analysis, HUFCAD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).