Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Hong Kong Dollar/Argentine Peso (FOREX:HKDARS)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 HKDARS
The long term trend has been UP since May 18th, 2017 at 2.05000
The intermediate term trend has been DOWN since Oct 9th, 2018 at 4.75335
The short term trend has been DOWN since Oct 2nd, 2018 at 5.03905
Smart Scan Analysis for HKDARS
Based on a pre-defined weighted trend formula for chart analysis, HKDARS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).