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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.

FOREX_HKDUSD
Open High Low HKDUSD Price Change
0.12862183 0.12866784 0.12860496 0.12864781 +0.00002600
Entry Signal

MarketClub’s Trade Triangles for HKDUSD

long term up The long term trend has been UP since Jun 11th, 2019 at 0.12770500

intermediate term up The intermediate term trend has been UP since Oct 24th, 2019 at 0.12760500

short term up 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).

+80
Smart Scan Analysis for HKDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12862183 0.12866784 0.12860496 0.12864781 +0.00002600
Prev. Close Volume Bid Ask Time
0.12862183 0.12864367 0.12865195 2020-01-29 07:07:59
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