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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
US Dollar/Hong Kong Dollar (FOREX:USDHKD)
Sidelines Mode (+55) - USDHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDHKD.
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 USDHKD
The long-term trend has been UP since Apr 8th, 2024 at 7.833935
The intermediate-term trend has been UP since Mar 28th, 2024 at 7.829350
The short-term trend has been DOWN since Apr 24th, 2024 at 7.831450
Smart Scan Analysis for USDHKD
Based on our trend formula, USDHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.828450 | 7.830765 | 7.828050 | 7.828850 | +0.000400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.828450 | 2024-04-25 06:44:47 |