Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Hong Kong Dollar/Chinese Yuan Renminbi (FOREX:HKDCNY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 HKDCNY
The long term trend has been UP since May 8th, 2019 at 0.865900
The intermediate term trend has been UP since Aug 1st, 2019 at 0.886545
The short term trend has been DOWN since Aug 19th, 2019 at 0.894985
Smart Scan Analysis for HKDCNY
Based on a pre-defined weighted trend formula for chart analysis, HKDCNY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).