Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Hong Kong Dollar/Swiss Franc (FOREX:HKDCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 HKDCHF
The long term trend has been DOWN since Jan 2nd, 2019 at 0.125045
The intermediate term trend has been UP since Jan 30th, 2019 at 0.127310
The short term trend has been DOWN since Feb 17th, 2019 at 0.127925
Smart Scan Analysis for HKDCHF
Based on a pre-defined weighted trend formula for chart analysis, HKDCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).