Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Hong Kong Dollar/Euro (FOREX:HKDEUR)
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 HKDEUR
The long term trend has been DOWN since Dec 25th, 2019 at 0.11401599
The intermediate term trend has been UP since Jan 9th, 2020 at 0.11601050
The short term trend has been UP since Jan 17th, 2020 at 0.11579201
Smart Scan Analysis for HKDEUR
Based on a pre-defined weighted trend formula for chart analysis, HKDEUR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).