Forex Trend Analysis Report
Prepared for you on Wednesday, December 2, 2020.
Hong Kong Dollar/Australian Dollar (FOREX:HKDAUD)
Strong Downtrend (-100) - HKDAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 0.17404600
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 0.17814887
The short-term trend has been DOWN since Dec 2nd, 2020 at 0.17416750
Smart Scan Analysis for HKDAUD
Based on our trend formula, HKDAUD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).