Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Hungarian Forint/Japanese Yen (FOREX:HUFJPY)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.
MarketClub’s Trade Triangles for HUFJPY
The long term trend has been DOWN since Dec 24th, 2018 at 0.39086
The intermediate term trend has been UP since Jan 25th, 2019 at 0.39343
The short term trend has been UP since Feb 12th, 2019 at 0.39176
Smart Scan Analysis for HUFJPY
Based on a pre-defined weighted trend formula for chart analysis, HUFJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).