Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)
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 CNYHKD
The long term trend has been UP since Dec 25th, 2019 at 1.1231197
The intermediate term trend has been UP since Dec 12th, 2019 at 1.1205964
The short term trend has been DOWN since Jan 20th, 2020 at 1.1271278
Smart Scan Analysis for CNYHKD
Based on a pre-defined weighted trend formula for chart analysis, CNYHKD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).