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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.

FOREX_HKDCNY
Open High Low HKDCNY Price Change
0.895160 0.898675 0.894935 0.898485 +0.003325
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 up The intermediate term trend has been UP since Aug 1st, 2019 at 0.886545

short term down 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).

+85
Smart Scan Analysis for HKDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.895160 0.898675 0.894935 0.898485 +0.003325
Prev. Close Volume Bid Ask Time
0.895160 0.898240 0.898730 2019-08-19 08:31:10
Want to analyze Hong Kong Dollar/Chinese Yuan Renminbi HKDCNY or another symbol? Try our Free Forex Trend Analysis Report.