Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Euro/Hong Kong Dollar (FOREX:EURHKD)
Weak Downtrend (-65) - EURHKD is showing signs of a strengthening downtrend. Monitor EURHKD as it may be building momentum to the downside.
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 Sep 14th, 2023 at 8.35090
The intermediate-term trend has been UP since Oct 23rd, 2023 at 8.35710
The short-term trend has been DOWN since Nov 30th, 2023 at 8.51123
Smart Scan Analysis for EURHKD
Based on our trend formula, EURHKD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).