Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
US Dollar/Hong Kong Dollar (FOREX:USDHKD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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 Sep 20th, 2018 at 7.84075
The intermediate term trend has been DOWN since Nov 2nd, 2018 at 7.82395
The short term trend has been UP since Nov 11th, 2018 at 7.83405
Smart Scan Analysis for USDHKD
Based on a pre-defined weighted trend formula for chart analysis, USDHKD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).