Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
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 Apr 30th, 2018 at 5.51949
The intermediate term trend has been UP since Oct 21st, 2018 at 5.18920
The short term trend has been UP since Oct 9th, 2018 at 5.07530
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).