Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Hong Kong Dollar/Australian Dollar (FOREX:HKDAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 HKDAUD
The long term trend has been DOWN since Dec 2nd, 2018 at 0.174055
The intermediate term trend has been UP since Dec 9th, 2018 at 0.177905
The short term trend has been DOWN since Dec 12th, 2018 at 0.176975
Smart Scan Analysis for HKDAUD
Based on a pre-defined weighted trend formula for chart analysis, HKDAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).