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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

New Zealand Dollar/Hong Kong Dollar (FOREX:NZDHKD)

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

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

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

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

FOREX_NZDHKD
Open High Low NZDHKD Price Change
4.6940250 4.6972907 4.6843000 4.6889050 -0.0051200
Entry Signal

MarketClub’s Trade Triangles for NZDHKD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 4.7233186

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 4.7483000

short term down The short-term trend has been DOWN since May 8th, 2024 at 4.6779000

Smart Scan Analysis for NZDHKD

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

-70
Smart Scan Analysis for NZDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6940250 4.6972907 4.6843000 4.6889050 -0.0051200
Prev. Close Volume Bid Ask Time
4.6940250 2024-05-09 04:19:36
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