Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Hong Kong Dollar/Australian Dollar (FOREX:HKDAUD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.
MarketClub’s Trade Triangles for HKDAUD
The long term trend has been UP since Apr 23rd, 2018 at 0.166725
The intermediate term trend has been UP since Aug 10th, 2018 at 0.174030
The short term trend has been UP since Oct 18th, 2018 at 0.179635
Smart Scan Analysis for HKDAUD
Based on a pre-defined weighted trend formula for chart analysis, HKDAUD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).