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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

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.

FOREX_EURHKD
Open High Low EURHKD Price Change
7.96650 7.99410 7.93760 7.97224 +0.00574
Entry Signal

MarketClub’s Trade Triangles for EURHKD

long term down The long-term trend has been DOWN since Aug 9th, 2021 at 9.132100

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 8.065985

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 8.023470

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).

-75
Smart Scan Analysis for EURHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.96650 7.99410 7.93760 7.97224 +0.00574
Prev. Close Volume Bid Ask Time
7.96650 2022-08-16 20:38:14
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