Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Turkish Lira/Hungarian Forint (FOREX:TRYHUF)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 TRYHUF
The long term trend has been DOWN since Jul 3rd, 2017 at 76.4445
The intermediate term trend has been UP since May 29th, 2019 at 48.6815
The short term trend has been UP since Jul 16th, 2019 at 50.9455
Smart Scan Analysis for TRYHUF
Based on a pre-defined weighted trend formula for chart analysis, TRYHUF scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).