Forex Trend Analysis Report
Prepared for you on Saturday, May 26, 2018.
Hong Kong Dollar/US Dollar (FOREX:HKDUSD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 HKDUSD
The long term trend has been DOWN since Dec 20th, 2017 at 0.127765
The intermediate term trend has been UP since May 24th, 2018 at 0.127435
The short term trend has been UP since May 21st, 2018 at 0.127400
Smart Scan Analysis for HKDUSD
Based on a pre-defined weighted trend formula for chart analysis, HKDUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).