Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
Hong Kong Dollar/Indian Rupee (FOREX:HKDINR)
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 HKDINR
The long term trend has been DOWN since Dec 2nd, 2018 at 8.89340
The intermediate term trend has been UP since Jun 16th, 2019 at 8.92415
The short term trend has been UP since Jun 7th, 2019 at 8.85750
Smart Scan Analysis for HKDINR
Based on a pre-defined weighted trend formula for chart analysis, HKDINR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).