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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

Indian Rupee/Hong Kong Dollar (FOREX:INRHKD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_INRHKD
Open High Low INRHKD Price Change
0.10949880 0.10954449 0.10923211 0.10929567 -0.00020300
Entry Signal

MarketClub’s Trade Triangles for INRHKD

long term down The long term trend has been DOWN since Aug 5th, 2019 at 0.11110000

intermediate term down The intermediate term trend has been DOWN since Dec 27th, 2019 at 0.10900866

short term down The short term trend has been DOWN since Jan 17th, 2020 at 0.10942001

Smart Scan Analysis for INRHKD

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

-70
Smart Scan Analysis for INRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10949880 0.10954449 0.10923211 0.10929567 -0.00020300
Prev. Close Volume Bid Ask Time
0.10949880 0.10927677 0.10931457 2020-01-17 17:14:40
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