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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.

FOREX_HKDCNY
Open High Low HKDCNY Price Change
0.85820 0.85856 0.85820 0.85840 +0.00020
Entry Signal

MarketClub’s Trade Triangles for HKDCNY

long term down The long term trend has been DOWN since Jan 2nd, 2019 at 0.873835

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2018 at 0.878910

short term down 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).

-100
Smart Scan Analysis for HKDCNY
Strong Downtrend Sideways 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
Want to analyze Hong Kong Dollar/Chinese Renminbi Yuan HKDCNY or another symbol? Try our Free Forex Trend Analysis Report.