Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Euro/Hong Kong Dollar (FOREX:EURHKD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 9.4680
The intermediate term trend has been UP since Aug 9th, 2019 at 8.8345
The short term trend has been DOWN since Aug 12th, 2019 at 8.7639
Smart Scan Analysis for EURHKD
Based on a pre-defined weighted trend formula for chart analysis, EURHKD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).