Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Euro/Hong Kong Dollar (FOREX:EURHKD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Jan 1st, 2018 at 9.39710
The intermediate term trend has been UP since Dec 27th, 2017 at 9.30850
The short term trend has been DOWN since Feb 19th, 2018 at 9.69835
Smart Scan Analysis for EURHKD
Based on a pre-defined weighted trend formula for chart analysis, EURHKD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).