Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Hong Kong Dollar/United Arab Emirates Dirham (FOREX:HKDAED)
Crossroads (+60) - HKDAED is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for HKDAED
The long-term trend has been UP since Jun 11th, 2019 at 0.46908500
The intermediate-term trend has been DOWN since May 4th, 2020 at 0.47372607
The short-term trend has been DOWN since May 29th, 2020 at 0.47363245
Smart Scan Analysis for HKDAED
Based on our trend formula, HKDAED is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).