Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
Hong Kong Dollar/Swiss Franc (FOREX:HKDCHF)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 HKDCHF
The long term trend has been UP since Oct 2nd, 2017 at 0.125070
The intermediate term trend has been DOWN since Nov 22nd, 2017 at 0.126140
The short term trend has been DOWN since Dec 12th, 2017 at 0.126745
Smart Scan Analysis for HKDCHF
Based on a pre-defined weighted trend formula for chart analysis, HKDCHF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).