Forex Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
Hong Kong Dollar/US Dollar (FOREX:HKDUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 HKDUSD
The long term trend has been DOWN since Dec 25th, 2018 at 0.127345
The intermediate term trend has been DOWN since May 7th, 2019 at 0.127435
The short term trend has been UP since May 20th, 2019 at 0.127415
Smart Scan Analysis for HKDUSD
Based on a pre-defined weighted trend formula for chart analysis, HKDUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).