Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Hong Kong Dollar/United Arab Emirates Dirham (FOREX:HKDAED)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Jan 31st, 2019 at 0.468075
The intermediate term trend has been DOWN since Dec 19th, 2018 at 0.469125
The short term trend has been DOWN since Mar 15th, 2019 at 0.467900
Smart Scan Analysis for HKDAED
Based on a pre-defined weighted trend formula for chart analysis, HKDAED scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).