Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
Swiss Franc/Hong Kong Dollar (FOREX:CHFHKD)
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 CHFHKD
The long term trend has been UP since Jan 12th, 2018 at 8.069320
The intermediate term trend has been DOWN since Mar 1st, 2018 at 8.258045
The short term trend has been DOWN since Apr 12th, 2018 at 8.179860
Smart Scan Analysis for CHFHKD
Based on a pre-defined weighted trend formula for chart analysis, CHFHKD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).