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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.

FOREX_EURHKD
Open High Low EURHKD Price Change
8.404105 8.415000 8.384160 8.392775 -0.011330
Entry Signal

MarketClub’s Trade Triangles for EURHKD

long term down The long-term trend has been DOWN since Sep 14th, 2023 at 8.35090

intermediate term up The intermediate-term trend has been UP since Oct 23rd, 2023 at 8.35710

short term down 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).

-65
Smart Scan Analysis for EURHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.404105 8.415000 8.384160 8.392775 -0.011330
Prev. Close Volume Bid Ask Time
8.404105 2023-12-11 13:25:31
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