Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Japanese Yen/Hong Kong Dollar (FOREX:JPYHKD)
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.
MarketClub’s Trade Triangles for JPYHKD
The long term trend has been DOWN since Nov 7th, 2019 at 0.07163100
The intermediate term trend has been DOWN since Jan 9th, 2020 at 0.07095232
The short term trend has been UP since Jan 20th, 2020 at 0.07059136
Smart Scan Analysis for JPYHKD
Based on a pre-defined weighted trend formula for chart analysis, JPYHKD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).