Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Czech Koruna/Hong Kong Dollar (FOREX:CZKHKD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 CZKHKD
The long term trend has been DOWN since May 1st, 2018 at 0.370175
The intermediate term trend has been DOWN since Aug 10th, 2018 at 0.350805
The short term trend has been UP since Aug 17th, 2018 at 0.349365
Smart Scan Analysis for CZKHKD
Based on a pre-defined weighted trend formula for chart analysis, CZKHKD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).