Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
South Korean Won/Hong Kong Dollar (FOREX:KRWHKD)
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 KRWHKD
The long term trend has been UP since Jul 21st, 2017 at 0.698595
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 0.730525
The short term trend has been UP since May 22nd, 2018 at 0.728995
Smart Scan Analysis for KRWHKD
Based on a pre-defined weighted trend formula for chart analysis, KRWHKD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).