Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Hungarian Forint/New Zealand Dollar (FOREX:HUFNZD)
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 HUFNZD
The long term trend has been DOWN since Oct 19th, 2018 at 0.005394
The intermediate term trend has been DOWN since Jan 15th, 2019 at 0.005217
The short term trend has been UP since Feb 19th, 2019 at 0.005203
Smart Scan Analysis for HUFNZD
Based on a pre-defined weighted trend formula for chart analysis, HUFNZD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).