Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
Hong Kong Dollar/Danish Krone (FOREX:HKDDKK)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 HKDDKK
The long term trend has been UP since May 1st, 2018 at 0.786910
The intermediate term trend has been DOWN since Jun 22nd, 2018 at 0.801530
The short term trend has been DOWN since Jun 22nd, 2018 at 0.815215
Smart Scan Analysis for HKDDKK
Based on a pre-defined weighted trend formula for chart analysis, HKDDKK scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).