Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Hong Kong Dollar/New Zealand Dollar (FOREX:HKDNZD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 HKDNZD
The long term trend has been UP since Apr 30th, 2018 at 0.181185
The intermediate term trend has been UP since Jun 20th, 2018 at 0.185120
The short term trend has been DOWN since Aug 17th, 2018 at 0.192745
Smart Scan Analysis for HKDNZD
Based on a pre-defined weighted trend formula for chart analysis, HKDNZD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).