Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
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 Nov 15th, 2018 at 0.187085
The intermediate term trend has been DOWN since Jan 15th, 2019 at 0.186360
The short term trend has been UP since Jan 16th, 2019 at 0.187555
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).