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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.

FOREX_HKDAED
Open High Low HKDAED Price Change
0.47353792 0.47354160 0.47341336 0.47348682 -0.00005100
Entry Signal

MarketClub’s Trade Triangles for HKDAED

long term down The long-term trend has been DOWN since Mar 1st, 2021 at 0.47348643

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.47371306

short term down 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).

-90
Smart Scan Analysis for HKDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.47353792 0.47354160 0.47341336 0.47348682 -0.00005100
Prev. Close Volume Bid Ask Time
0.47353792 2021-03-01 05:55:05
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