Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
South Korean Won/Hong Kong Dollar (FOREX:KRWHKD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 KRWHKD
The long term trend has been UP since Jan 1st, 2019 at 0.706595
The intermediate term trend has been UP since Jan 27th, 2019 at 0.703880
The short term trend has been DOWN since Feb 14th, 2019 at 0.696175
Smart Scan Analysis for KRWHKD
Based on a pre-defined weighted trend formula for chart analysis, KRWHKD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).