Forex Trend Analysis Report
Prepared for you on Monday, March 25, 2019.
Hungarian Forint/US Dollar (FOREX:HUFUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 HUFUSD
The long term trend has been UP since Jan 30th, 2019 at 0.003609
The intermediate term trend has been UP since Feb 28th, 2019 at 0.003611
The short term trend has been DOWN since Mar 22nd, 2019 at 0.003603
Smart Scan Analysis for HUFUSD
Based on a pre-defined weighted trend formula for chart analysis, HUFUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).