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.
MarketClub’s Trade Triangles for USDHKD
The long term trend has been DOWN since Jun 11th, 2019 at 7.83063
The intermediate term trend has been DOWN since Oct 24th, 2019 at 7.83675
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).