Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Indian Rupee/Hong Kong Dollar (FOREX:INRHKD)
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 INRHKD
The long term trend has been UP since Dec 2nd, 2018 at 0.112420
The intermediate term trend has been DOWN since Jan 14th, 2019 at 0.110975
The short term trend has been UP since Jan 14th, 2019 at 0.111465
Smart Scan Analysis for INRHKD
Based on a pre-defined weighted trend formula for chart analysis, INRHKD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).