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Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Euro/Hong Kong Dollar (FOREX:EURHKD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.
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MarketClub’s Trade Triangles for EURHKD
The long term trend has been UP since Dec 25th, 2019 at 8.77070
The intermediate term trend has been DOWN since Jan 9th, 2020 at 8.61997
The short term trend has been DOWN since Jan 17th, 2020 at 8.63615
Smart Scan Analysis for EURHKD
Based on a pre-defined weighted trend formula for chart analysis, EURHKD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.65150 | 8.65872 | 8.61300 | 8.61540 | -0.03610 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.65150 | 8.61340 | 8.61740 | 2020-01-17 13:33:19 |