Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Hong Kong Dollar/South African Rand (FOREX:HKDZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 HKDZAR
The long term trend has been DOWN since Dec 12th, 2019 at 1.8513845
The intermediate term trend has been UP since Jan 13th, 2020 at 1.8580574
The short term trend has been DOWN since Jan 22nd, 2020 at 1.8584244
Smart Scan Analysis for HKDZAR
Based on a pre-defined weighted trend formula for chart analysis, HKDZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).