Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Hong Kong Dollar/United Arab Emirates Dirham (FOREX:HKDAED)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 HKDAED
The long term trend has been UP since Jun 11th, 2019 at 0.469085
The intermediate term trend has been UP since Sep 11th, 2019 at 0.468795
The short term trend has been DOWN since Sep 17th, 2019 at 0.469215
Smart Scan Analysis for HKDAED
Based on a pre-defined weighted trend formula for chart analysis, HKDAED scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).