Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Japanese Yen/Hong Kong Dollar (FOREX:JPYHKD)
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 JPYHKD
The long term trend has been DOWN since May 17th, 2018 at 0.07085
The intermediate term trend has been UP since Oct 15th, 2018 at 0.07006
The short term trend has been DOWN since Oct 17th, 2018 at 0.06971
Smart Scan Analysis for JPYHKD
Based on a pre-defined weighted trend formula for chart analysis, JPYHKD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).