Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
US Dollar/Croatian Kuna (FOREX:USDHRK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 USDHRK
The long term trend has been UP since May 2nd, 2018 at 6.15195
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 6.45440
The short term trend has been UP since Jan 14th, 2019 at 6.48490
Smart Scan Analysis for USDHRK
Based on a pre-defined weighted trend formula for chart analysis, USDHRK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).