Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Canadian Dollar/Croatian Kuna (FOREX:CADHRK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 CADHRK
The long term trend has been UP since May 10th, 2018 at 4.86865
The intermediate term trend has been DOWN since Sep 3rd, 2018 at 4.88875
The short term trend has been DOWN since Sep 24th, 2018 at 4.87785
Smart Scan Analysis for CADHRK
Based on a pre-defined weighted trend formula for chart analysis, CADHRK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).