Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Hong Kong Dollar/Australian Dollar (FOREX:HKDAUD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.
MarketClub’s Trade Triangles for HKDAUD
The long term trend has been DOWN since Dec 25th, 2019 at 0.1841513
The intermediate term trend has been UP since Jan 21st, 2020 at 0.1879515
The short term trend has been UP since Jan 17th, 2020 at 0.1868935
Smart Scan Analysis for HKDAUD
Based on a pre-defined weighted trend formula for chart analysis, HKDAUD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).