Forex Trend Analysis Report
Prepared for you on Sunday, December 17, 2017.
New Zealand Dollar/Hong Kong Dollar (FOREX:NZDHKD)
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 NZDHKD
The long term trend has been DOWN since Oct 3rd, 2017 at 5.57870
The intermediate term trend has been UP since Dec 12th, 2017 at 5.41975
The short term trend has been UP since Dec 11th, 2017 at 5.38790
Smart Scan Analysis for NZDHKD
Based on a pre-defined weighted trend formula for chart analysis, NZDHKD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).