Forex Trend Analysis Report
Prepared for you on Tuesday, June 25, 2019.
New Zealand Dollar/Hong Kong Dollar (FOREX:NZDHKD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 NZDHKD
The long term trend has been DOWN since Apr 24th, 2019 at 5.16285
The intermediate term trend has been DOWN since Jun 14th, 2019 at 5.08700
The short term trend has been UP since Jun 19th, 2019 at 5.12220
Smart Scan Analysis for NZDHKD
Based on a pre-defined weighted trend formula for chart analysis, NZDHKD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).