Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Hong Kong Dollar/South Korean Won (FOREX:HKDKRW)
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 HKDKRW
The long term trend has been DOWN since Jul 23rd, 2017 at 143.115
The intermediate term trend has been UP since Apr 22nd, 2018 at 136.895
The short term trend has been UP since Apr 20th, 2018 at 136.255
Smart Scan Analysis for HKDKRW
Based on a pre-defined weighted trend formula for chart analysis, HKDKRW scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).