Forex Trend Analysis Report
Prepared for you on Monday, March 25, 2019.
US Dollar/Hungarian Forint (FOREX:USDHUF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 DOWN since Jan 29th, 2019 at 277.09
The intermediate term trend has been DOWN since Feb 28th, 2019 at 276.87
The short term trend has been UP since Mar 22nd, 2019 at 277.63
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).