Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Hong Kong Dollar/Danish Krone (FOREX:HKDDKK)
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 HKDDKK
The long term trend has been UP since May 1st, 2018 at 0.786910
The intermediate term trend has been DOWN since Mar 20th, 2019 at 0.832390
The short term trend has been DOWN since Mar 12th, 2019 at 0.843275
Smart Scan Analysis for HKDDKK
Based on a pre-defined weighted trend formula for chart analysis, HKDDKK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).