Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Euro/Hong Kong Dollar (FOREX:EURHKD)
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 EURHKD
The long term trend has been DOWN since May 1st, 2018 at 9.46800
The intermediate term trend has been DOWN since Aug 29th, 2019 at 8.66721
The short term trend has been UP since Sep 13th, 2019 at 8.67500
Smart Scan Analysis for EURHKD
Based on a pre-defined weighted trend formula for chart analysis, EURHKD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).