Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Hong Kong Dollar/Czech Koruna (FOREX:HKDCZK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 HKDCZK
The long term trend has been DOWN since Jan 9th, 2019 at 2.8313
The intermediate term trend has been DOWN since Dec 9th, 2018 at 2.8977
The short term trend has been UP since Jan 14th, 2019 at 2.8472
Smart Scan Analysis for HKDCZK
Based on a pre-defined weighted trend formula for chart analysis, HKDCZK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).