Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
New Zealand Dollar/Hungarian Forint (FOREX:NZDHUF)
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 NZDHUF
The long term trend has been DOWN since Aug 7th, 2019 at 186.0950
The intermediate term trend has been DOWN since Aug 4th, 2019 at 191.7515
The short term trend has been UP since Aug 14th, 2019 at 187.6905
Smart Scan Analysis for NZDHUF
Based on a pre-defined weighted trend formula for chart analysis, NZDHUF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).