Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Hong Kong Dollar/US Dollar (FOREX:HKDUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 HKDUSD
The long term trend has been UP since Jun 11th, 2019 at 0.12770500
The intermediate term trend has been UP since Oct 24th, 2019 at 0.12760500
The short term trend has been UP since Jan 28th, 2020 at 0.12867777
Smart Scan Analysis for HKDUSD
Based on a pre-defined weighted trend formula for chart analysis, HKDUSD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).