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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.

FOREX_HKDEUR
Open High Low HKDEUR Price Change
0.11609050 0.11618182 0.11596221 0.11604450 -0.00004600
Entry Signal

MarketClub’s Trade Triangles for HKDEUR

long term down The long term trend has been DOWN since Dec 25th, 2019 at 0.11401599

intermediate term up The intermediate term trend has been UP since Jan 9th, 2020 at 0.11601050

short term up 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).

+60
Smart Scan Analysis for HKDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11609050 0.11618182 0.11596221 0.11604450 -0.00004600
Prev. Close Volume Bid Ask Time
0.11609050 0.11603600 0.11605300 2020-01-22 09:03:54
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