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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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

Long-Term Uptrend (+90) - HKDAED is in a strong uptrend that is likely to continue. While HKDAED is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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
0.47285835 0.47288020 0.47283080 0.47283447 -0.00002400
Entry Signal

MarketClub’s Trade Triangles for HKDAED

long term up The long-term trend has been UP since May 2nd, 2024 at 0.46993544

intermediate term up The intermediate-term trend has been UP since Dec 8th, 2024 at 0.47218931

short term up The short-term trend has been UP since Dec 23rd, 2024 at 0.47280242

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).

+90
Smart Scan Analysis for HKDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.47285835 0.47288020 0.47283080 0.47283447 -0.00002400
Prev. Close Volume Bid Ask Time
0.47285835 2024-12-26 17:24:04
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