Forex Trend Analysis Report
Prepared for you on Monday, March 25, 2019.
South African Rand/Hungarian Forint (FOREX:ZARHUF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 ZARHUF
The long term trend has been DOWN since Mar 14th, 2019 at 19.2145
The intermediate term trend has been DOWN since Feb 14th, 2019 at 20.0240
The short term trend has been UP since Mar 21st, 2019 at 19.3635
Smart Scan Analysis for ZARHUF
Based on a pre-defined weighted trend formula for chart analysis, ZARHUF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).