Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 HKDCAD
The long term trend has been UP since Nov 9th, 2018 at 0.168435
The intermediate term trend has been DOWN since Jan 6th, 2019 at 0.170675
The short term trend has been DOWN since Feb 19th, 2019 at 0.168510
Smart Scan Analysis for HKDCAD
Based on a pre-defined weighted trend formula for chart analysis, HKDCAD scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).