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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Hong Kong Dollar/Australian Dollar (FOREX:HKDAUD)

Sidelines Mode (-55) - HKDAUD 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 HKDAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDAUD
Open High Low HKDAUD Price Change
0.1720975 0.1721615 0.1719225 0.1719725 -0.0001250
Entry Signal

MarketClub’s Trade Triangles for HKDAUD

long term up The long-term trend has been UP since Apr 1st, 2021 at 0.1705555

intermediate term down The intermediate-term trend has been DOWN since Oct 10th, 2021 at 0.1755080

short term up The short-term trend has been UP since Oct 18th, 2021 at 0.1741090

Smart Scan Analysis for HKDAUD

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

-55
Smart Scan Analysis for HKDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1720975 0.1721615 0.1719225 0.1719725 -0.0001250
Prev. Close Volume Bid Ask Time
0.1720975 2021-10-22 02:16:28
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