Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
/Hong Kong Dollar (FOREX:CNHHKD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CNHHKD
The long term trend has been DOWN since May 28th, 2018 at 1.22615
The intermediate term trend has been DOWN since Sep 17th, 2018 at 1.13940
The short term trend has been DOWN since Oct 11th, 2018 at 1.12895
Smart Scan Analysis for CNHHKD
Based on a pre-defined weighted trend formula for chart analysis, CNHHKD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).