Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Chinese Yuan Renminbi Offshore/Hong Kong Dollar (FOREX:CNHHKD)
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 CNHHKD
The long term trend has been DOWN since May 5th, 2019 at 1.15255
The intermediate term trend has been UP since Jun 20th, 2019 at 1.13758
The short term trend has been DOWN since Jul 16th, 2019 at 1.13615
Smart Scan Analysis for CNHHKD
Based on a pre-defined weighted trend formula for chart analysis, CNHHKD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).