Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
South Korean Won/Hong Kong Dollar (FOREX:KRWHKD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Jun 14th, 2018 at 0.719635
The intermediate term trend has been DOWN since Oct 7th, 2018 at 0.690825
The short term trend has been DOWN since Oct 18th, 2018 at 0.689490
Smart Scan Analysis for KRWHKD
Based on a pre-defined weighted trend formula for chart analysis, KRWHKD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).