Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

South African Rand/Hong Kong Dollar (FOREX:ZARHKD)

Countertrend Up (+85) - ZARHKD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

Open	High	Low	ZARHKD Price	Change
0.42078000	0.42357709	0.41997852	0.42334692	+0.00256700
Entry Signal

MarketClub’s Trade Triangles for ZARHKD

The long-term trend has been UP since Dec 21st, 2023 at 0.43503496

The intermediate-term trend has been UP since May 6th, 2024 at 0.42479127

The short-term trend has been DOWN since May 8th, 2024 at 0.42104286

Smart Scan Analysis for ZARHKD

Based on our trend formula, ZARHKD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.42078000	0.42357709	0.41997852	0.42334692	+0.00256700
Prev. Close	Volume	Bid	Ask	Time
0.42078000				2024-05-09 10:29:23

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