Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Indian Rupee/Hong Kong Dollar (FOREX:INRHKD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 INRHKD
The long term trend has been DOWN since Aug 5th, 2019 at 0.111100
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 0.112995
The short term trend has been UP since Aug 14th, 2019 at 0.110725
Smart Scan Analysis for INRHKD
Based on a pre-defined weighted trend formula for chart analysis, INRHKD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).