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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.

Open High Low HKDARS Price Change
4.5819 4.5831 4.5812 4.5822 +0.0003
Entry Signal

MarketClub’s Trade Triangles for HKDARS

long term up The long term trend has been UP since May 18th, 2017 at 2.05000

intermediate term down The intermediate term trend has been DOWN since Oct 9th, 2018 at 4.75335

short term down 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).

Smart Scan Analysis for HKDARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5819 4.5831 4.5812 4.5822 +0.0003
Prev. Close Volume Bid Ask Time
4.5819 4.5817 4.5827 2018-10-17 05:08:17
Want to analyze Hong Kong Dollar/Argentine Peso HKDARS or another symbol? Try our Free Forex Trend Analysis Report.