Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Hong Kong Dollar/Euro (FOREX:HKDEUR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 HKDEUR
The long term trend has been UP since May 1st, 2018 at 0.105615
The intermediate term trend has been UP since Aug 29th, 2019 at 0.115380
The short term trend has been DOWN since Sep 13th, 2019 at 0.115275
Smart Scan Analysis for HKDEUR
Based on a pre-defined weighted trend formula for chart analysis, HKDEUR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).