Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Mexican Peso/Hungarian Forint (FOREX:MXNHUF)
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 MXNHUF
The long term trend has been UP since Apr 1st, 2019 at 14.970
The intermediate term trend has been UP since Mar 21st, 2019 at 14.695
The short term trend has been DOWN since May 24th, 2019 at 15.286
Smart Scan Analysis for MXNHUF
Based on a pre-defined weighted trend formula for chart analysis, MXNHUF scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).