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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

New Zealand Dollar/Hong Kong Dollar (FOREX:NZDHKD)

Countertrend Down (-85) - NZDHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_NZDHKD
Open High Low NZDHKD Price Change
4.6494367 4.6706713 4.6477000 4.6642672 +0.0148310
Entry Signal

MarketClub’s Trade Triangles for NZDHKD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 4.7233186

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 4.7483000

short term up The short-term trend has been UP since Apr 23rd, 2024 at 4.6459000

Smart Scan Analysis for NZDHKD

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

-85
Smart Scan Analysis for NZDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6494367 4.6706713 4.6477000 4.6642672 +0.0148310
Prev. Close Volume Bid Ask Time
4.6494367 2024-04-25 06:35:38
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