Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
Polish New Zloty/Hungarian Forint (FOREX:PLNHUF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 PLNHUF
The long term trend has been UP since Sep 11th, 2019 at 76.82150
The intermediate term trend has been DOWN since Dec 6th, 2019 at 77.10258
The short term trend has been DOWN since Dec 10th, 2019 at 77.06707
Smart Scan Analysis for PLNHUF
Based on a pre-defined weighted trend formula for chart analysis, PLNHUF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).