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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Hong Kong Dollar/South African Rand (FOREX:HKDZAR)
Strong Uptrend (+100) - HKDZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HKDZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid HKDZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDZAR.
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 HKDZAR
The long-term trend has been UP since Oct 3rd, 2023 at 2.4653420
The intermediate-term trend has been UP since Apr 18th, 2024 at 2.4420500
The short-term trend has been UP since Apr 10th, 2024 at 2.3947974
Smart Scan Analysis for HKDZAR
Based on our trend formula, HKDZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.4477750 | 2.4588750 | 2.4457173 | 2.4576582 | +0.0098830 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.4477750 | 2024-04-23 05:34:36 |