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Forex Trend Analysis Report

Prepared for you on Monday, October 21, 2019.

Hungarian Forint/Hong Kong Dollar (FOREX:HUFHKD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

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_HUFHKD
Open High Low HUFHKD Price Change
0.02644998 0.02647404 0.02642209 0.02647404 +0.00002400
Entry Signal

MarketClub’s Trade Triangles for HUFHKD

long term down The long term trend has been DOWN since Apr 1st, 2019 at 0.027390

intermediate term up The intermediate term trend has been UP since Oct 17th, 2019 at 0.026163

short term up The short term trend has been UP since Oct 10th, 2019 at 0.025927

Smart Scan Analysis for HUFHKD

Based on a pre-defined weighted trend formula for chart analysis, HUFHKD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for HUFHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02644998 0.02647404 0.02642209 0.02647404 +0.00002400
Prev. Close Volume Bid Ask Time
0.02644998 0.02640181 0.02654627 2019-10-21 04:02:43
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