Forex Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
Australian Dollar/Hong Kong Dollar (FOREX:AUDHKD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 AUDHKD
The long term trend has been DOWN since Dec 27th, 2018 at 5.50515
The intermediate term trend has been DOWN since Apr 23rd, 2019 at 5.53570
The short term trend has been UP since May 20th, 2019 at 5.44250
Smart Scan Analysis for AUDHKD
Based on a pre-defined weighted trend formula for chart analysis, AUDHKD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).