Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SGDHUF
The long term trend has been UP since Mar 27th, 2019 at 209.7890
The intermediate term trend has been UP since Nov 6th, 2019 at 220.5150
The short term trend has been UP since Nov 4th, 2019 at 217.1485
Smart Scan Analysis for SGDHUF
Based on a pre-defined weighted trend formula for chart analysis, SGDHUF scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).