Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 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 UP since Mar 5th, 2018 at 0.165175
The intermediate term trend has been UP since Sep 4th, 2018 at 0.167875
The short term trend has been UP since Sep 24th, 2018 at 0.165805
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).