Forex Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
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 May 1st, 2018 at 0.126415
The intermediate term trend has been DOWN since May 29th, 2018 at 0.126005
The short term trend has been DOWN since Jun 19th, 2018 at 0.126405
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).