Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Hong Kong Dollar/Chinese Yuan Renminbi (FOREX:HKDCNY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Jul 15th, 2019 at 0.875730
The short term trend has been UP since Jul 16th, 2019 at 0.880195
Smart Scan Analysis for HKDCNY
Based on a pre-defined weighted trend formula for chart analysis, HKDCNY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).