Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

US Dollar/Hong Kong Dollar (FOREX:USDHKD)

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.

FOREX_USDHKD
Open High Low USDHKD Price Change
7.77345 7.77405 7.76855 7.77095 -0.00250
Entry Signal

MarketClub’s Trade Triangles for USDHKD

long term down The long term trend has been DOWN since Jun 11th, 2019 at 7.83063

intermediate term down The intermediate term trend has been DOWN since Oct 24th, 2019 at 7.83675

short term up The short term trend has been UP since Jan 20th, 2020 at 7.77349

Smart Scan Analysis for USDHKD

Based on a pre-defined weighted trend formula for chart analysis, USDHKD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for USDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.77345 7.77405 7.76855 7.77095 -0.00250
Prev. Close Volume Bid Ask Time
7.77345 7.77070 7.77120 2020-01-21 17:51:01
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