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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.

Open High Low USDHUF Price Change
299.350 300.040 299.060 299.905 +0.555
Entry Signal

MarketClub’s Trade Triangles for USDHUF

long term up The long term trend has been UP since Apr 1st, 2019 at 286.69

intermediate term down The intermediate term trend has been DOWN since Dec 2nd, 2019 at 300.25

short term up 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).

Smart Scan Analysis for USDHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
299.350 300.040 299.060 299.905 +0.555
Prev. Close Volume Bid Ask Time
299.350 299.740 300.070 2019-12-09 15:02:32
Want to analyze US Dollar/Hungarian Forint USDHUF or another symbol? Try our Free Forex Trend Analysis Report.