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.
MarketClub’s Trade Triangles for HKDAED
The long-term trend has been UP since Aug 11th, 2022 at 0.46827985
The intermediate-term trend has been UP since Aug 10th, 2022 at 0.46805211
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).