Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Hungarian Forint/South African Rand (FOREX:HUFZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 HUFZAR
The long term trend has been UP since Aug 12th, 2019 at 0.053212
The intermediate term trend has been DOWN since Sep 2nd, 2019 at 0.050280
The short term trend has been UP since Sep 15th, 2019 at 0.048952
Smart Scan Analysis for HUFZAR
Based on a pre-defined weighted trend formula for chart analysis, HUFZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).