Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Hong Kong Dollar/New Zealand Dollar (FOREX:HKDNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 HKDNZD
The long term trend has been UP since Apr 24th, 2019 at 0.193480
The intermediate term trend has been DOWN since Jun 27th, 2019 at 0.190925
The short term trend has been UP since Jul 22nd, 2019 at 0.190040
Smart Scan Analysis for HKDNZD
Based on a pre-defined weighted trend formula for chart analysis, HKDNZD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).