Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
Chinese Renminbi Yuan/Hong Kong Dollar (FOREX:CNYHKD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 CNYHKD
The long term trend has been UP since Jan 2nd, 2019 at 1.14425
The intermediate term trend has been DOWN since Mar 24th, 2019 at 1.16605
The short term trend has been DOWN since Mar 22nd, 2019 at 1.16805
Smart Scan Analysis for CNYHKD
Based on a pre-defined weighted trend formula for chart analysis, CNYHKD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).