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Forex Trend Analysis Report
Prepared for you on Tuesday, October 8, 2024.
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.
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MarketClub’s Trade Triangles for HKDAED
The long-term trend has been UP since May 2nd, 2024 at 0.46993544
The intermediate-term trend has been UP since Sep 22nd, 2024 at 0.47167845
The short-term trend has been DOWN since Oct 7th, 2024 at 0.47274825
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.47283631 | 0.47288856 | 0.47242319 | 0.47250896 | -0.00032700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.47283631 | 2024-10-08 08:12:52 |