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.
MarketClub’s Trade Triangles for HKDCNY
The long term trend has been UP since May 8th, 2019 at 0.8659000
The intermediate term trend has been UP since Nov 24th, 2019 at 0.9012459
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).