Forex Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
Hungarian Forint/Singapore Dollar (FOREX:HUFSGD)
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 HUFSGD
The long term trend has been DOWN since Mar 27th, 2019 at 0.004766
The intermediate term trend has been DOWN since Mar 26th, 2019 at 0.004811
The short term trend has been DOWN since Apr 19th, 2019 at 0.004757
Smart Scan Analysis for HUFSGD
Based on a pre-defined weighted trend formula for chart analysis, HUFSGD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).