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.
MarketClub’s Trade Triangles for HKDZAR
The long term trend has been DOWN since Dec 3rd, 2018 at 1.73905
The intermediate term trend has been UP since Feb 13th, 2019 at 1.78250
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).