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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

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

Crossroads (+60) - HKDAED is struggling to move into a solid trend. Beware of choppy markets 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
0.47379505 0.47390148 0.47362065 0.47384728 +0.00005200
Entry Signal

MarketClub’s Trade Triangles for HKDAED

long term up The long-term trend has been UP since Jun 11th, 2019 at 0.46908500

intermediate term down The intermediate-term trend has been DOWN since May 4th, 2020 at 0.47372607

short term down The short-term trend has been DOWN since May 29th, 2020 at 0.47363245

Smart Scan Analysis for HKDAED

Based on our trend formula, HKDAED is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for HKDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.47379505 0.47390148 0.47362065 0.47384728 +0.00005200
Prev. Close Volume Bid Ask Time
0.47379505 0.47383259 0.47386197 2020-05-29 17:08:37
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