Forex Trend Analysis Report
Prepared for you on Sunday, October 22, 2017.
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 UP since Jul 13th, 2017 at 6.01665
The intermediate term trend has been DOWN since Sep 26th, 2017 at 6.17380
The short term trend has been DOWN since Oct 17th, 2017 at 6.10960
Smart Scan Analysis for AUDHKD
Based on a pre-defined weighted trend formula for chart analysis, AUDHKD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).