Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Euro/Hong Kong Dollar (FOREX:EURHKD)
Bear Market Rally (-75) - EURHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURHKD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURHKD
The long-term trend has been DOWN since Mar 19th, 2020 at 8.3790
The intermediate-term trend has been DOWN since Mar 18th, 2020 at 8.4232
The short-term trend has been UP since Apr 7th, 2020 at 8.4127
Smart Scan Analysis for EURHKD
Based on our trend formula, EURHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).