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Forex Trend Analysis Report

Prepared for you on Wednesday, September 19, 2018.

US Dollar/Hong Kong Dollar (FOREX:USDHKD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

FOREX_USDHKD
Open High Low USDHKD Price Change
7.84615 7.84705 7.84355 7.84545 -0.00070
Entry Signal

MarketClub’s Trade Triangles for USDHKD

long term up The long term trend has been UP since Dec 21st, 2017 at 7.82715

intermediate term down The intermediate term trend has been DOWN since Aug 28th, 2018 at 7.84825

short term down The short term trend has been DOWN since Sep 16th, 2018 at 7.84615

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).

-60
Smart Scan Analysis for USDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.84615 7.84705 7.84355 7.84545 -0.00070
Prev. Close Volume Bid Ask Time
7.84615 7.84520 7.84570 2018-09-19 14:17:34
Want to analyze US Dollar/Hong Kong Dollar USDHKD or another symbol? Try our Free Forex Trend Analysis Report.