Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
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 HKDCAD
The long term trend has been DOWN since Jun 28th, 2019 at 0.16729000
The intermediate term trend has been UP since Jan 22nd, 2020 at 0.16871350
The short term trend has been UP since Jan 23rd, 2020 at 0.16940759
Smart Scan Analysis for HKDCAD
Based on a pre-defined weighted trend formula for chart analysis, HKDCAD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).