Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Hong Kong Dollar/Chinese Renminbi Yuan (FOREX:HKDCNY)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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.
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MarketClub’s Trade Triangles for HKDCNY
The long term trend has been DOWN since Jan 2nd, 2019 at 0.873835
The intermediate term trend has been DOWN since Dec 3rd, 2018 at 0.878910
The short term trend has been DOWN since Feb 17th, 2019 at 0.860015
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.85820 | 0.85856 | 0.85820 | 0.85840 | +0.00020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.85820 | 0.85277 | 0.86403 | 2019-02-18 00:43:46 |