Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Hong Kong Dollar/United Arab Emirates Dirham (FOREX:HKDAED)
Long-Term Downtrend (-90) - HKDAED is in a strong downtrend that is likely to continue. While HKDAED is showing intraday strength, it remains in the confines of a bearish trend. 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.
MarketClub’s Trade Triangles for HKDAED
The long-term trend has been DOWN since Mar 1st, 2021 at 0.47348643
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.47371306
The short-term trend has been DOWN since Feb 16th, 2021 at 0.47373184
Smart Scan Analysis for HKDAED
Based on our trend formula, HKDAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).