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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

Hong Kong Dollar/Swedish Krona (FOREX:HKDSEK)

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_HKDSEK
Open High Low HKDSEK Price Change
1.2217621 1.2259198 1.2202205 1.2253650 +0.0036030
Entry Signal

MarketClub’s Trade Triangles for HKDSEK

long term down The long term trend has been DOWN since Dec 2nd, 2019 at 1.2171585

intermediate term up The intermediate term trend has been UP since Jan 7th, 2020 at 1.2155587

short term up The short term trend has been UP since Jan 17th, 2020 at 1.2221732

Smart Scan Analysis for HKDSEK

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

+70
Smart Scan Analysis for HKDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2217621 1.2259198 1.2202205 1.2253650 +0.0036030
Prev. Close Volume Bid Ask Time
1.2217621 1.2239200 1.2268100 2020-01-17 17:14:30
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