Forex Trend Analysis Report
Prepared for you on Monday, June 17, 2019.
Hungarian Forint/Swiss Franc (FOREX:HUFCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 HUFCHF
The long term trend has been DOWN since May 15th, 2019 at 0.003469
The intermediate term trend has been UP since Jun 9th, 2019 at 0.003499
The short term trend has been DOWN since Jun 12th, 2019 at 0.003488
Smart Scan Analysis for HUFCHF
Based on a pre-defined weighted trend formula for chart analysis, HUFCHF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).