Forex Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
Swedish Krona/Hungarian Forint (FOREX:SEKHUF)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since Jul 16th, 2019 at 30.97225
The intermediate term trend has been DOWN since Jul 31st, 2019 at 30.56475
The short term trend has been UP since Aug 15th, 2019 at 30.38500
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).