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Forex Trend Analysis Report

Prepared for you on Wednesday, March 20, 2019.

Hong Kong Dollar/South African Rand (FOREX:HKDZAR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_HKDZAR
Open High Low HKDZAR Price Change
1.84890 1.85195 1.80435 1.81360 -0.03530
Entry Signal

MarketClub’s Trade Triangles for HKDZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 1.73905

intermediate term up The intermediate term trend has been UP since Feb 13th, 2019 at 1.78250

short term up The short term trend has been UP since Mar 20th, 2019 at 1.85125

Smart Scan Analysis for HKDZAR

Based on a pre-defined weighted trend formula for chart analysis, HKDZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for HKDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.84890 1.85195 1.80435 1.81360 -0.03530
Prev. Close Volume Bid Ask Time
1.84890 1.81270 1.81450 2019-03-20 21:16:37
Want to analyze Hong Kong Dollar/South African Rand HKDZAR or another symbol? Try our Free Forex Trend Analysis Report.