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Forex Trend Analysis Report

Prepared for you on Saturday, October 19, 2019.

Chinese Yuan Renminbi/Hong Kong Dollar (FOREX:CNYHKD)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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.

FOREX_CNYHKD
Open High Low CNYHKD Price Change
1.1049998 1.1106732 1.1045374 1.1084672 +0.0034670
Entry Signal

MarketClub’s Trade Triangles for CNYHKD

long term down The long term trend has been DOWN since May 8th, 2019 at 1.154900

intermediate term up The intermediate term trend has been UP since Oct 13th, 2019 at 1.109050

short term down The short term trend has been DOWN since Oct 16th, 2019 at 1.106482

Smart Scan Analysis for CNYHKD

Based on a pre-defined weighted trend formula for chart analysis, CNYHKD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for CNYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1049998 1.1106732 1.1045374 1.1084672 +0.0034670
Prev. Close Volume Bid Ask Time
1.1049998 1.1082132 1.1087213 2019-10-17 23:09:28
Want to analyze Chinese Yuan Renminbi/Hong Kong Dollar CNYHKD or another symbol? Try our Free Forex Trend Analysis Report.