Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
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 HKDCAD
The long term trend has been UP since Nov 9th, 2018 at 0.168435
The intermediate term trend has been UP since Oct 19th, 2018 at 0.167375
The short term trend has been UP since Dec 5th, 2018 at 0.170170
Smart Scan Analysis for HKDCAD
Based on a pre-defined weighted trend formula for chart analysis, HKDCAD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).