Forex Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
Hong Kong Dollar/New Zealand Dollar (FOREX:HKDNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Jan 10th, 2018 at 0.176915
The intermediate term trend has been DOWN since Feb 16th, 2018 at 0.172065
The short term trend has been UP since Feb 19th, 2018 at 0.173520
Smart Scan Analysis for HKDNZD
Based on a pre-defined weighted trend formula for chart analysis, HKDNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).