Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Euro/Hong Kong Dollar (FOREX:EURHKD)
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 EURHKD
The long term trend has been DOWN since May 1st, 2018 at 9.4680
The intermediate term trend has been UP since Aug 26th, 2018 at 9.1353
The short term trend has been UP since Sep 12th, 2018 at 9.1399
Smart Scan Analysis for EURHKD
Based on a pre-defined weighted trend formula for chart analysis, EURHKD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).