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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2019.

Hong Kong Dollar/Chinese Yuan Renminbi (FOREX:HKDCNY)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_HKDCNY
Open High Low HKDCNY Price Change
0.8999997 0.9003165 0.8976161 0.8985062 -0.0014930
Entry Signal

MarketClub’s Trade Triangles for HKDCNY

long term up The long term trend has been UP since May 8th, 2019 at 0.8659000

intermediate term up The intermediate term trend has been UP since Nov 24th, 2019 at 0.9012459

short term up The short term trend has been UP since Dec 2nd, 2019 at 0.8990133

Smart Scan Analysis for HKDCNY

Based on a pre-defined weighted trend formula for chart analysis, HKDCNY scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+100
Smart Scan Analysis for HKDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8999997 0.9003165 0.8976161 0.8985062 -0.0014930
Prev. Close Volume Bid Ask Time
0.8999997 0.8973507 0.8996616 2019-12-06 13:26:13
Want to analyze Hong Kong Dollar/Chinese Yuan Renminbi HKDCNY or another symbol? Try our Free Forex Trend Analysis Report.