Forex Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
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 HKDCAD
The long term trend has been DOWN since Jun 13th, 2017 at 0.170115
The intermediate term trend has been UP since Feb 5th, 2018 at 0.160005
The short term trend has been UP since Feb 19th, 2018 at 0.160680
Smart Scan Analysis for HKDCAD
Based on a pre-defined weighted trend formula for chart analysis, HKDCAD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).