Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
Turkish Lira/Hungarian Forint (FOREX:TRYHUF)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 TRYHUF
The long term trend has been UP since Jul 30th, 2019 at 52.7415
The intermediate term trend has been DOWN since Oct 8th, 2019 at 52.1450
The short term trend has been DOWN since Oct 1st, 2019 at 53.9400
Smart Scan Analysis for TRYHUF
Based on a pre-defined weighted trend formula for chart analysis, TRYHUF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).