Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
Hong Kong Dollar/Japanese Yen (FOREX:HKDJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 HKDJPY
The long term trend has been UP since May 17th, 2018 at 14.114545
The intermediate term trend has been UP since Apr 5th, 2018 at 13.684000
The short term trend has been DOWN since May 22nd, 2018 at 14.091650
Smart Scan Analysis for HKDJPY
Based on a pre-defined weighted trend formula for chart analysis, HKDJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).