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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hong Kong Dollar/South African Rand (FOREX:HKDZAR)
Bear Market Rally (-75) - HKDZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDZAR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HKDZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDZAR.
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 HKDZAR
The long-term trend has been DOWN since May 6th, 2024 at 2.3514731
The intermediate-term trend has been DOWN since May 6th, 2024 at 2.3550793
The short-term trend has been UP since May 8th, 2024 at 2.3749688
Smart Scan Analysis for HKDZAR
Based on our trend formula, HKDZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.3765277 | 2.3811210 | 2.3751400 | 2.3789391 | +0.0024110 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.3765277 | 2024-05-09 02:48:19 |