Forex Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
Japanese Yen/Hungarian Forint (FOREX:JPYHUF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 JPYHUF
The long term trend has been UP since May 1st, 2019 at 2.60060
The intermediate term trend has been UP since Jul 10th, 2019 at 2.67290
The short term trend has been DOWN since Jul 22nd, 2019 at 2.68385
Smart Scan Analysis for JPYHUF
Based on a pre-defined weighted trend formula for chart analysis, JPYHUF scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).