Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Hong Kong Dollar (FOREX:EURHKD)
Weak Downtrend (-65) - EURHKD is showing signs of a strengthening downtrend. Monitor EURHKD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid EURHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURHKD
The long-term trend has been DOWN since Apr 12th, 2024 at 8.36182
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 8.47460
The short-term trend has been DOWN since May 8th, 2024 at 8.39530
Smart Scan Analysis for EURHKD
Based on our trend formula, EURHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.40075 | 8.42760 | 8.38198 | 8.42507 | +0.02432 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.40075 | 2024-05-09 15:12:58 |
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