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Forex Trend Analysis Report

Prepared for you on Tuesday, October 8, 2024.

Australian Dollar/Hong Kong Dollar (FOREX:AUDHKD)

Crossroads (-60) - AUDHKD is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_AUDHKD
Open High Low AUDHKD Price Change
5.2290940 5.2432303 5.2207950 5.2398779 +0.0107840
Entry Signal

MarketClub’s Trade Triangles for AUDHKD

long term up The long-term trend has been UP since Aug 14th, 2024 at 5.3084000

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 5.2218233

short term down The short-term trend has been DOWN since Oct 1st, 2024 at 5.3433000

Smart Scan Analysis for AUDHKD

Based on our trend formula, AUDHKD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for AUDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2290940 5.2432303 5.2207950 5.2398779 +0.0107840
Prev. Close Volume Bid Ask Time
5.2290940 2024-10-08 08:15:19
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