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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Hong Kong Dollar/Czech Koruna (FOREX:HKDCZK)

Weak Downtrend (-65) - HKDCZK is showing signs of a strengthening downtrend. Monitor HKDCZK as it may be building momentum to the downside.

Is it time to buy, sell, or avoid HKDCZK?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDCZK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDCZK
Open High Low HKDCZK Price Change
2.97725 2.98200 2.96100 2.96195 -0.01530
Entry Signal

MarketClub’s Trade Triangles for HKDCZK

long term up The long-term trend has been UP since Aug 24th, 2023 at 2.85055

intermediate term down The intermediate-term trend has been DOWN since May 2nd, 2024 at 2.97775

short term down The short-term trend has been DOWN since May 9th, 2024 at 2.96375

Smart Scan Analysis for HKDCZK

Based on our trend formula, HKDCZK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for HKDCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.97725 2.98200 2.96100 2.96195 -0.01530
Prev. Close Volume Bid Ask Time
2.97725 2024-05-09 10:35:10
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