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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

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

Strong Downtrend (-100) - HKDAED is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HKDAED continues to fall. Traders should use caution and set stops.

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
0.46867325 0.46868427 0.46858877 0.46861816 -0.00005500
Entry Signal

MarketClub’s Trade Triangles for HKDAED

long term down The long-term trend has been DOWN since Feb 29th, 2024 at 0.46917760

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 0.46915851

short term down The short-term trend has been DOWN since Apr 19th, 2024 at 0.46887109

Smart Scan Analysis for HKDAED

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

-100
Smart Scan Analysis for HKDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.46867325 0.46868427 0.46858877 0.46861816 -0.00005500
Prev. Close Volume Bid Ask Time
0.46867325 2024-04-23 04:00:20
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