Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
Indian Rupee/Hong Kong Dollar (FOREX:INRHKD)
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 INRHKD
The long term trend has been UP since Dec 2nd, 2018 at 0.112420
The intermediate term trend has been DOWN since Apr 8th, 2019 at 0.113055
The short term trend has been DOWN since Apr 15th, 2019 at 0.113060
Smart Scan Analysis for INRHKD
Based on a pre-defined weighted trend formula for chart analysis, INRHKD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).