Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Hong Kong Dollar/Icelandic Krona (FOREX:HKDISK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 HKDISK
The long term trend has been DOWN since Nov 14th, 2017 at 13.22200
The intermediate term trend has been DOWN since Jan 2nd, 2018 at 13.22890
The short term trend has been DOWN since Mar 23rd, 2018 at 12.62075
Smart Scan Analysis for HKDISK
Based on a pre-defined weighted trend formula for chart analysis, HKDISK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).