Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
Singapore Dollar/Hungarian Forint (FOREX:SGDHUF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 SGDHUF
The long term trend has been DOWN since Mar 20th, 2019 at 203.6710
The intermediate term trend has been DOWN since Mar 1st, 2019 at 204.9445
The short term trend has been UP since Mar 21st, 2019 at 205.2305
Smart Scan Analysis for SGDHUF
Based on a pre-defined weighted trend formula for chart analysis, SGDHUF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).