Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 USDHUF
The long term trend has been UP since Apr 1st, 2019 at 286.69
The intermediate term trend has been DOWN since Dec 2nd, 2019 at 300.25
The short term trend has been UP since Dec 9th, 2019 at 299.65
Smart Scan Analysis for USDHUF
Based on a pre-defined weighted trend formula for chart analysis, USDHUF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).