Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
US Dollar/Hong Kong Dollar (FOREX:USDHKD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 USDHKD
The long term trend has been UP since Dec 25th, 2018 at 7.85285
The intermediate term trend has been DOWN since Mar 20th, 2019 at 7.84705
The short term trend has been UP since Apr 17th, 2019 at 7.84535
Smart Scan Analysis for USDHKD
Based on a pre-defined weighted trend formula for chart analysis, USDHKD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).