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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hong Kong Dollar/US Dollar (FOREX:HKDUSD)
Bull Market Weakness (+75) - HKDUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDUSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HKDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDUSD.
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 HKDUSD
The long-term trend has been UP since May 2nd, 2024 at 0.12801085
The intermediate-term trend has been UP since Apr 28th, 2024 at 0.12777667
The short-term trend has been DOWN since May 6th, 2024 at 0.12790423
Smart Scan Analysis for HKDUSD
Based on our trend formula, HKDUSD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12794530 | 0.12798460 | 0.12790594 | 0.12797207 | +0.00002700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12794530 | 2024-05-09 15:05:42 |