Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
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.
MarketClub’s Trade Triangles for HKDCAD
The long term trend has been DOWN since Jun 28th, 2019 at 0.167290
The intermediate term trend has been DOWN since Sep 6th, 2019 at 0.166915
The short term trend has been UP since Sep 11th, 2019 at 0.168250
Smart Scan Analysis for HKDCAD
Based on a pre-defined weighted trend formula for chart analysis, HKDCAD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).