Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Hong Kong Dollar/Australian Dollar (FOREX:HKDAUD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 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 DOWN since Aug 17th, 2018 at 0.174835
Smart Scan Analysis for HKDAUD
Based on a pre-defined weighted trend formula for chart analysis, HKDAUD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).