Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Canadian Dollar/Croatian Kuna (FOREX:CADHRK)
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 CADHRK
The long term trend has been DOWN since Dec 6th, 2018 at 4.83090
The intermediate term trend has been DOWN since Nov 19th, 2018 at 4.93745
The short term trend has been UP since Dec 12th, 2018 at 4.87775
Smart Scan Analysis for CADHRK
Based on a pre-defined weighted trend formula for chart analysis, CADHRK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).