Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
US Dollar/Hong Kong Dollar (FOREX:USDHKD)
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 USDHKD
The long term trend has been DOWN since Nov 8th, 2017 at 7.79654
The intermediate term trend has been UP since Nov 15th, 2017 at 7.80595
The short term trend has been UP since Dec 14th, 2017 at 7.81085
Smart Scan Analysis for USDHKD
Based on a pre-defined weighted trend formula for chart analysis, USDHKD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).