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Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

Hong Kong Dollar/South Korean Won (FOREX:HKDKRW)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.

FOREX_HKDKRW
Open High Low HKDKRW Price Change
149.12653 149.50249 148.96894 149.48087 +0.35434
Entry Signal

MarketClub’s Trade Triangles for HKDKRW

long term down The long term trend has been DOWN since Nov 3rd, 2019 at 147.98084

intermediate term up The intermediate term trend has been UP since Jan 7th, 2020 at 150.84695

short term up The short term trend has been UP since Jan 16th, 2020 at 149.22585

Smart Scan Analysis for HKDKRW

Based on a pre-defined weighted trend formula for chart analysis, HKDKRW scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for HKDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
149.12653 149.50249 148.96894 149.48087 +0.35434
Prev. Close Volume Bid Ask Time
149.12653 149.22339 149.73834 2020-01-17 13:38:37
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