Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
Hungarian Forint/Norwegian Krone (FOREX:HUFNOK)
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 HUFNOK
The long term trend has been UP since Nov 19th, 2018 at 0.03020
The intermediate term trend has been DOWN since Mar 21st, 2019 at 0.03060
The short term trend has been DOWN since Mar 21st, 2019 at 0.03075
Smart Scan Analysis for HUFNOK
Based on a pre-defined weighted trend formula for chart analysis, HUFNOK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).