Forex Trend Analysis Report
Prepared for you on Saturday, January 20, 2018.
Canadian Dollar/Croatian Kuna (FOREX:CADHRK)
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 CADHRK
The long term trend has been DOWN since Nov 30th, 2017 at 4.91790
The intermediate term trend has been UP since Jan 9th, 2018 at 5.02335
The short term trend has been DOWN since Jan 10th, 2018 at 4.96700
Smart Scan Analysis for CADHRK
Based on a pre-defined weighted trend formula for chart analysis, CADHRK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).