Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Australian Dollar/Hong Kong Dollar (FOREX:AUDHKD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 AUDHKD
The long term trend has been DOWN since Apr 23rd, 2018 at 5.98925
The intermediate term trend has been UP since Jul 8th, 2018 at 5.85440
The short term trend has been DOWN since Jul 18th, 2018 at 5.79000
Smart Scan Analysis for AUDHKD
Based on a pre-defined weighted trend formula for chart analysis, AUDHKD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).