Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Euro/Hong Kong Dollar (FOREX:EURHKD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
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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 DOWN since May 23rd, 2019 at 8.7397
The short term trend has been UP since May 24th, 2019 at 8.7818
Smart Scan Analysis for EURHKD
Based on a pre-defined weighted trend formula for chart analysis, EURHKD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.79525 | 8.79525 | 8.77970 | 8.79510 | -0.00015 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.79525 | 8.79260 | 8.79760 | 2019-05-25 23:57:23 |