Forex Trend Analysis Report
Prepared for you on Monday, December 17, 2018.
Polish New Zloty/Hong Kong Dollar (FOREX:PLNHKD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 PLNHKD
The long term trend has been DOWN since May 1st, 2018 at 2.2351
The intermediate term trend has been DOWN since Dec 14th, 2018 at 2.0530
The short term trend has been DOWN since Dec 11th, 2018 at 2.0656
Smart Scan Analysis for PLNHKD
Based on a pre-defined weighted trend formula for chart analysis, PLNHKD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).