Forex Trend Analysis Report
Prepared for you on Saturday, November 17, 2018.
Australian Dollar/Hong Kong Dollar (FOREX:AUDHKD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Nov 1st, 2018 at 5.61180
The short term trend has been UP since Nov 14th, 2018 at 5.67030
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).