Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Turkish Lira/Hungarian Forint (FOREX:TRYHUF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 TRYHUF
The long term trend has been DOWN since Jul 3rd, 2017 at 76.4445
The intermediate term trend has been DOWN since Feb 27th, 2019 at 52.3195
The short term trend has been UP since Mar 6th, 2019 at 51.9860
Smart Scan Analysis for TRYHUF
Based on a pre-defined weighted trend formula for chart analysis, TRYHUF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).