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Forex Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

Indian Rupee/Hong Kong Dollar (FOREX:INRHKD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_INRHKD
Open High Low INRHKD Price Change
0.10979281 0.11036362 0.10975626 0.11026678 +0.00047400
Entry Signal

MarketClub’s Trade Triangles for INRHKD

long term down The long term trend has been DOWN since Aug 5th, 2019 at 0.111100

intermediate term down The intermediate term trend has been DOWN since Oct 14th, 2019 at 0.110105

short term down The short term trend has been DOWN since Oct 14th, 2019 at 0.110255

Smart Scan Analysis for INRHKD

Based on a pre-defined weighted trend formula for chart analysis, INRHKD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for INRHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10979281 0.11036362 0.10975626 0.11026678 +0.00047400
Prev. Close Volume Bid Ask Time
0.10979281 0.11024150 0.11029205 2019-10-17 23:09:28
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