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Forex Trend Analysis Report

Prepared for you on Wednesday, December 2, 2020.

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

Sidelines Mode (-55) - HKDAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.47378770 0.47385749 0.47378036 0.47383178 +0.00004400
Entry Signal

MarketClub’s Trade Triangles for HKDAED

long term down The long-term trend has been DOWN since Sep 3rd, 2020 at 0.47365281

intermediate term up The intermediate-term trend has been UP since Nov 29th, 2020 at 0.47391994

short term down The short-term trend has been DOWN since Nov 30th, 2020 at 0.47385631

Smart Scan Analysis for HKDAED

Based on our trend formula, HKDAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HKDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.47378770 0.47385749 0.47378036 0.47383178 +0.00004400
Prev. Close Volume Bid Ask Time
0.47378770 2020-12-02 22:43:26
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