Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Hong Kong Dollar/Australian Dollar (FOREX:HKDAUD)
Weak Downtrend (-65) - HKDAUD is showing signs of a strengthening downtrend. Monitor HKDAUD as it may be building momentum to the downside.
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 Jan 29th, 2020 at 0.1908550
The intermediate-term trend has been DOWN since Apr 9th, 2020 at 0.2041005
The short-term trend has been DOWN since May 26th, 2020 at 0.1961600
Smart Scan Analysis for HKDAUD
Based on our trend formula, HKDAUD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).