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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
Euro/Hong Kong Dollar (FOREX:EURHKD)
Long-Term Downtrend (-90) - EURHKD is in a strong downtrend that is likely to continue. While EURHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURHKD.
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 EURHKD
The long-term trend has been DOWN since Apr 12th, 2024 at 8.36182
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 8.47460
The short-term trend has been DOWN since Apr 10th, 2024 at 8.47300
Smart Scan Analysis for EURHKD
Based on our trend formula, EURHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.305995 | 8.343570 | 8.298745 | 8.329290 | +0.023295 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.305995 | 2024-04-16 10:55:47 |