Forex Trend Analysis Report
Prepared for you on Wednesday, December 19, 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 UP since Jun 14th, 2018 at 138.960
The intermediate term trend has been DOWN since Nov 2nd, 2018 at 143.185
The short term trend has been DOWN since Dec 18th, 2018 at 144.355
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).