Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Indian Rupee/Hong Kong Dollar (FOREX:INRHKD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 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 UP since May 16th, 2019 at 0.112115
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).