Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
Japanese Yen/Hungarian Forint (FOREX:JPYHUF)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 JPYHUF
The long term trend has been UP since Oct 2nd, 2018 at 2.47345
The intermediate term trend has been DOWN since Jan 25th, 2019 at 2.54210
The short term trend has been DOWN since Feb 12th, 2019 at 2.54945
Smart Scan Analysis for JPYHUF
Based on a pre-defined weighted trend formula for chart analysis, JPYHUF scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).