Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
Hong Kong Dollar/South Korean Won (FOREX:HKDKRW)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 HKDKRW
The long term trend has been DOWN since Jul 23rd, 2017 at 143.115
The intermediate term trend has been DOWN since Oct 13th, 2017 at 144.070
The short term trend has been UP since Oct 17th, 2017 at 145.030
Smart Scan Analysis for HKDKRW
Based on a pre-defined weighted trend formula for chart analysis, HKDKRW scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).