Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Australian Dollar/Hong Kong Dollar (FOREX:AUDHKD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 AUDHKD
The long term trend has been DOWN since Dec 27th, 2018 at 5.50515
The intermediate term trend has been DOWN since Feb 7th, 2019 at 5.55300
The short term trend has been UP since Feb 12th, 2019 at 5.58520
Smart Scan Analysis for AUDHKD
Based on a pre-defined weighted trend formula for chart analysis, AUDHKD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).