Forex Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
Hong Kong Dollar/South African Rand (FOREX:HKDZAR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 HKDZAR
The long term trend has been UP since May 1st, 2018 at 1.59490
The intermediate term trend has been DOWN since Nov 7th, 2018 at 1.79995
The short term trend has been DOWN since Nov 15th, 2018 at 1.82340
Smart Scan Analysis for HKDZAR
Based on a pre-defined weighted trend formula for chart analysis, HKDZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).