Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
Hong Kong Dollar/Euro (FOREX:HKDEUR)
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 HKDEUR
The long term trend has been DOWN since Jan 1st, 2018 at 0.106415
The intermediate term trend has been UP since Apr 5th, 2018 at 0.104160
The short term trend has been UP since Apr 20th, 2018 at 0.103330
Smart Scan Analysis for HKDEUR
Based on a pre-defined weighted trend formula for chart analysis, HKDEUR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).