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.
MarketClub’s Trade Triangles for CNYHKD
The long term trend has been DOWN since May 8th, 2019 at 1.154900
The intermediate term trend has been UP since Oct 13th, 2019 at 1.109050
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).