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.
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 Oct 13th, 2019 at 0.901660
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).