Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
Swedish Krona/Hungarian Forint (FOREX:SEKHUF)
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 SEKHUF
The long term trend has been DOWN since Jan 25th, 2019 at 30.87955
The intermediate term trend has been DOWN since Apr 25th, 2019 at 30.48125
The short term trend has been UP since May 14th, 2019 at 29.98605
Smart Scan Analysis for SEKHUF
Based on a pre-defined weighted trend formula for chart analysis, SEKHUF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).