Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Hungarian Forint/Swedish Krona (FOREX:HUFSEK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 HUFSEK
The long term trend has been DOWN since Jul 16th, 2019 at 0.032286
The intermediate term trend has been DOWN since Jun 25th, 2019 at 0.032591
The short term trend has been DOWN since Jul 10th, 2019 at 0.032568
Smart Scan Analysis for HUFSEK
Based on a pre-defined weighted trend formula for chart analysis, HUFSEK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).