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Forex Trend Analysis Report

Prepared for you on Saturday, December 15, 2018.

Euro/Hong Kong Dollar (FOREX:EURHKD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.

FOREX_EURHKD
Open High Low EURHKD Price Change
8.8366 8.8366 8.8366 8.8366 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURHKD

long term down The long term trend has been DOWN since May 1st, 2018 at 9.4680

intermediate term down The intermediate term trend has been DOWN since Oct 1st, 2018 at 9.0516

short term down The short term trend has been DOWN since Dec 11th, 2018 at 8.8701

Smart Scan Analysis for EURHKD

Based on a pre-defined weighted trend formula for chart analysis, EURHKD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for EURHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.8366 8.8366 8.8366 8.8366 0.0000
Prev. Close Volume Bid Ask Time
8.8366 8.8340 8.8392 2018-12-15 02:25:11
Want to analyze Euro/Hong Kong Dollar EURHKD or another symbol? Try our Free Forex Trend Analysis Report.