Forex Trend Analysis Report
Prepared for you on Saturday, September 30, 2023.
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.
MarketClub’s Trade Triangles for HKDAUD
The long-term trend has been UP since Aug 13th, 2023 at 0.1977500
The intermediate-term trend has been UP since Aug 1st, 2023 at 0.1936025
The short-term trend has been DOWN since Sep 28th, 2023 at 0.1987760
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).