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Forex Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
Hong Kong Dollar/US Dollar (FOREX:HKDUSD)
Long-Term Uptrend (+90) - HKDUSD is in a strong uptrend that is likely to continue. While HKDUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid HKDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDUSD.
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 HKDUSD
The long-term trend has been UP since May 2nd, 2024 at 0.12801085
The intermediate-term trend has been UP since Apr 28th, 2024 at 0.12777667
The short-term trend has been UP since May 9th, 2024 at 0.12799418
Smart Scan Analysis for HKDUSD
Based on our trend formula, HKDUSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12797500 | 0.12800328 | 0.12795496 | 0.12797829 | +0.00000300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12797500 | 2024-05-10 13:38:04 |