Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Hong Kong Dollar/Singapore Dollar (FOREX:HKDSGD)
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 HKDSGD
The long term trend has been UP since May 5th, 2019 at 0.174140
The intermediate term trend has been DOWN since Sep 6th, 2019 at 0.176100
The short term trend has been UP since Sep 16th, 2019 at 0.176005
Smart Scan Analysis for HKDSGD
Based on a pre-defined weighted trend formula for chart analysis, HKDSGD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).