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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

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

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.

FOREX_HKDCNY
Open High Low HKDCNY Price Change
0.901776 0.902556 0.901732 0.902248 +0.000472
Entry Signal

MarketClub’s Trade Triangles for HKDCNY

long term up The long term trend has been UP since May 8th, 2019 at 0.865900

intermediate term down The intermediate term trend has been DOWN since Oct 13th, 2019 at 0.901660

short term down The short term trend has been DOWN since Oct 6th, 2019 at 0.910845

Smart Scan Analysis for HKDCNY

Based on a pre-defined weighted trend formula for chart analysis, HKDCNY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for HKDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.901776 0.902556 0.901732 0.902248 +0.000472
Prev. Close Volume Bid Ask Time
0.901776 0.896468 0.908028 2019-10-14 09:26:30
Want to analyze Hong Kong Dollar/Chinese Yuan Renminbi HKDCNY or another symbol? Try our Free Forex Trend Analysis Report.