Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 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 negative trend to resume. Downtrend 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 DOWN since Jun 7th, 2019 at 14.3550
The intermediate term trend has been DOWN since Aug 4th, 2019 at 15.1900
The short term trend has been UP since Aug 13th, 2019 at 14.9435
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).