Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Hong Kong Dollar/Japanese Yen (FOREX:HKDJPY)
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 HKDJPY
The long term trend has been UP since May 17th, 2018 at 14.114545
The intermediate term trend has been DOWN since Oct 15th, 2018 at 14.273915
The short term trend has been DOWN since Oct 8th, 2018 at 14.494200
Smart Scan Analysis for HKDJPY
Based on a pre-defined weighted trend formula for chart analysis, HKDJPY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).