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.
MarketClub’s Trade Triangles for HKDKRW
The long term trend has been DOWN since Nov 3rd, 2019 at 147.98084
The intermediate term trend has been UP since Jan 7th, 2020 at 150.84695
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).