Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
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 DOWN since Dec 2nd, 2019 at 0.19730889
The intermediate term trend has been UP since Jan 20th, 2020 at 0.19507600
The short term trend has been DOWN since Feb 11th, 2020 at 0.20066050
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).