Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Hong Kong Dollar/Japanese Yen (FOREX:HKDJPY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Nov 6th, 2018 at 14.484700
The short term trend has been DOWN since Dec 4th, 2018 at 14.494000
Smart Scan Analysis for HKDJPY
Based on a pre-defined weighted trend formula for chart analysis, HKDJPY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).