Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Canadian Dollar/Croatian Kuna (FOREX:CADHRK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 CADHRK
The long term trend has been DOWN since Dec 6th, 2018 at 4.83090
The intermediate term trend has been UP since May 19th, 2019 at 4.95165
The short term trend has been DOWN since May 23rd, 2019 at 4.94735
Smart Scan Analysis for CADHRK
Based on a pre-defined weighted trend formula for chart analysis, CADHRK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).