Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
/Hong Kong Dollar (FOREX:CNHHKD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 CNHHKD
The long term trend has been DOWN since May 28th, 2018 at 1.22615
The intermediate term trend has been UP since Nov 2nd, 2018 at 1.14045
The short term trend has been UP since Dec 12th, 2018 at 1.13625
Smart Scan Analysis for CNHHKD
Based on a pre-defined weighted trend formula for chart analysis, CNHHKD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).