Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, June 4, 2023.

Hong Kong Dollar/United Arab Emirates Dirham (FOREX:HKDAED)

Sidelines Mode (+55) - HKDAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid HKDAED?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDAED.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDAED
Open High Low HKDAED Price Change
0.46901079 0.46904018 0.46861990 0.46864348 -0.00036700
Entry Signal

MarketClub’s Trade Triangles for HKDAED

long term up The long-term trend has been UP since May 18th, 2023 at 0.46950857

intermediate term up The intermediate-term trend has been UP since May 9th, 2023 at 0.46815949

short term down The short-term trend has been DOWN since May 30th, 2023 at 0.46862431

Smart Scan Analysis for HKDAED

Based on our trend formula, HKDAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HKDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.46901079 0.46904018 0.46861990 0.46864348 -0.00036700
Prev. Close Volume Bid Ask Time
0.46901079 2023-06-02 17:02:29
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