Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Hong Kong Dollar/Swiss Franc (FOREX:HKDCHF)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 HKDCHF
The long term trend has been UP since Oct 31st, 2018 at 0.128275
The intermediate term trend has been DOWN since Nov 19th, 2018 at 0.126830
The short term trend has been UP since Dec 12th, 2018 at 0.127135
Smart Scan Analysis for HKDCHF
Based on a pre-defined weighted trend formula for chart analysis, HKDCHF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).