Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Hong Kong Dollar/US Dollar (FOREX:HKDUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 Dec 19th, 2018 at 0.127715
The short term trend has been UP since Feb 21st, 2019 at 0.127435
Smart Scan Analysis for HKDUSD
Based on a pre-defined weighted trend formula for chart analysis, HKDUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).