Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
Hungarian Forint/Mexican Peso (FOREX:HUFMXN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
MarketClub’s Trade Triangles for HUFMXN
The long term trend has been DOWN since Apr 1st, 2019 at 0.066763
The intermediate term trend has been UP since May 30th, 2019 at 0.066984
The short term trend has been DOWN since Jun 9th, 2019 at 0.068053
Smart Scan Analysis for HUFMXN
Based on a pre-defined weighted trend formula for chart analysis, HUFMXN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).