Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Norwegian Krone/Hungarian Forint (FOREX:NOKHUF)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NOKHUF
The long term trend has been DOWN since Sep 7th, 2018 at 33.13205
The intermediate term trend has been DOWN since Feb 11th, 2019 at 32.52850
The short term trend has been DOWN since Feb 20th, 2019 at 32.57655
Smart Scan Analysis for NOKHUF
Based on a pre-defined weighted trend formula for chart analysis, NOKHUF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).