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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

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

Countertrend Up (+85) - HKDAED is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.46868021 0.46868389 0.46817952 0.46846177 -0.00021800
Entry Signal

MarketClub’s Trade Triangles for HKDAED

long term up The long-term trend has been UP since Aug 11th, 2022 at 0.46827985

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2022 at 0.46805211

short term down The short-term trend has been DOWN since Aug 16th, 2022 at 0.46846717

Smart Scan Analysis for HKDAED

Based on our trend formula, HKDAED is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for HKDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.46868021 0.46868389 0.46817952 0.46846177 -0.00021800
Prev. Close Volume Bid Ask Time
0.46868021 2022-08-16 15:31:34
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