Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
Japanese Yen/Hong Kong Dollar (FOREX:JPYHKD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 JPYHKD
The long term trend has been UP since Mar 21st, 2017 at 0.069500
The intermediate term trend has been DOWN since Sep 13th, 2017 at 0.070725
The short term trend has been DOWN since Sep 11th, 2017 at 0.071705
Smart Scan Analysis for JPYHKD
Based on a pre-defined weighted trend formula for chart analysis, JPYHKD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).