Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
New Zealand Dollar/Hungarian Forint (FOREX:NZDHUF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Nov 12th, 2019 at 194.5995
The intermediate term trend has been UP since Nov 5th, 2019 at 190.7900
The short term trend has been DOWN since Dec 10th, 2019 at 195.1585
Smart Scan Analysis for NZDHUF
Based on a pre-defined weighted trend formula for chart analysis, NZDHUF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).