Forex Trend Analysis Report
Prepared for you on Thursday, March 4, 2021.
Australian Dollar/Hong Kong Dollar (FOREX:AUDHKD)
Sidelines Mode (+55) - AUDHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid AUDHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDHKD
The long-term trend has been UP since Dec 2nd, 2020 at 5.7463805
The intermediate-term trend has been UP since Feb 14th, 2021 at 6.0251850
The short-term trend has been DOWN since Feb 25th, 2021 at 6.0911000
Smart Scan Analysis for AUDHKD
Based on our trend formula, AUDHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).