Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
Hong Kong Dollar/South African Rand (FOREX:HKDZAR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 HKDZAR
The long term trend has been DOWN since Dec 3rd, 2018 at 1.73905
The intermediate term trend has been DOWN since Jan 4th, 2019 at 1.80050
The short term trend has been UP since Jan 18th, 2019 at 1.76425
Smart Scan Analysis for HKDZAR
Based on a pre-defined weighted trend formula for chart analysis, HKDZAR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).