Forex Trend Analysis Report
Prepared for you on Monday, March 1, 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.
MarketClub’s Trade Triangles for HKDAUD
The long-term trend has been DOWN since Dec 2nd, 2020 at 0.1740460
The intermediate-term trend has been DOWN since Feb 14th, 2021 at 0.1659810
The short-term trend has been UP since Feb 26th, 2021 at 0.1647965
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).