Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
US Dollar/Hungarian Forint (FOREX:USDHUF)
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 USDHUF
The long term trend has been UP since Apr 1st, 2019 at 286.69
The intermediate term trend has been DOWN since Jun 3rd, 2019 at 287.05
The short term trend has been UP since Jun 12th, 2019 at 283.98
Smart Scan Analysis for USDHUF
Based on a pre-defined weighted trend formula for chart analysis, USDHUF scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).