Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Swiss Franc/Hong Kong Dollar (FOREX:CHFHKD)
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 CHFHKD
The long term trend has been DOWN since Oct 31st, 2018 at 7.79560
The intermediate term trend has been DOWN since Sep 27th, 2018 at 8.03723
The short term trend has been UP since Nov 14th, 2018 at 7.79075
Smart Scan Analysis for CHFHKD
Based on a pre-defined weighted trend formula for chart analysis, CHFHKD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).