Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Indian Rupee/Hong Kong Dollar (FOREX:INRHKD)
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 INRHKD
The long term trend has been DOWN since Mar 1st, 2018 at 0.119860
The intermediate term trend has been UP since Oct 28th, 2018 at 0.107245
The short term trend has been UP since Nov 13th, 2018 at 0.108180
Smart Scan Analysis for INRHKD
Based on a pre-defined weighted trend formula for chart analysis, INRHKD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).