Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Chinese Yuan Renminbi Offshore/Hong Kong Dollar (FOREX:CNHHKD)
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 CNHHKD
The long term trend has been DOWN since May 5th, 2019 at 1.15255
The intermediate term trend has been DOWN since Aug 1st, 2019 at 1.13005
The short term trend has been UP since Sep 20th, 2019 at 1.10720
Smart Scan Analysis for CNHHKD
Based on a pre-defined weighted trend formula for chart analysis, CNHHKD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).