Forex Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
Hong Kong Dollar/New Zealand Dollar (FOREX:HKDNZD)
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 HKDNZD
The long term trend has been UP since Oct 2nd, 2017 at 0.179175
The intermediate term trend has been UP since Oct 2nd, 2017 at 0.178670
The short term trend has been DOWN since Nov 22nd, 2017 at 0.186860
Smart Scan Analysis for HKDNZD
Based on a pre-defined weighted trend formula for chart analysis, HKDNZD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).