Forex Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
Hong Kong Dollar/Canadian Dollar (FOREX:HKDCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 UP since Apr 23rd, 2019 at 0.170945
The short term trend has been DOWN since May 21st, 2019 at 0.170940
Smart Scan Analysis for HKDCAD
Based on a pre-defined weighted trend formula for chart analysis, HKDCAD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).