Forex Trend Analysis Report
Prepared for you on Wednesday, September 20, 2017.
/Hong Kong Dollar (FOREX:CNHHKD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 CNHHKD
The long term trend has been UP since May 26th, 2017 at 1.14225
The intermediate term trend has been UP since Jul 18th, 2017 at 1.15435
The short term trend has been DOWN since Sep 11th, 2017 at 1.19675
Smart Scan Analysis for CNHHKD
Based on a pre-defined weighted trend formula for chart analysis, CNHHKD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).