Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Hong Kong Dollar/Indian Rupee (FOREX:HKDINR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 HKDINR
The long term trend has been DOWN since Dec 2nd, 2018 at 8.89340
The intermediate term trend has been DOWN since Feb 12th, 2019 at 9.03425
The short term trend has been UP since Feb 14th, 2019 at 9.08000
Smart Scan Analysis for HKDINR
Based on a pre-defined weighted trend formula for chart analysis, HKDINR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).