Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Hong Kong Dollar/Swiss Franc (FOREX:HKDCHF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 HKDCHF
The long term trend has been DOWN since Jan 2nd, 2019 at 0.125045
The intermediate term trend has been DOWN since May 12th, 2019 at 0.128700
The short term trend has been UP since May 17th, 2019 at 0.128755
Smart Scan Analysis for HKDCHF
Based on a pre-defined weighted trend formula for chart analysis, HKDCHF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).