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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Hong Kong Dollar/Australian Dollar (FOREX:HKDAUD)

Bear Market Rally (-75) - HKDAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDAUD as it may be in the beginning of a reversal.

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
0.1913050 0.1924330 0.1910835 0.1921580 +0.0008530
Entry Signal

MarketClub’s Trade Triangles for HKDAUD

long term down The long-term trend has been DOWN since May 15th, 2024 at 0.1918130

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2024 at 0.1925285

short term up The short-term trend has been UP since May 14th, 2024 at 0.1942910

Smart Scan Analysis for HKDAUD

Based on our trend formula, HKDAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for HKDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1913050 0.1924330 0.1910835 0.1921580 +0.0008530
Prev. Close Volume Bid Ask Time
0.1913050 2024-05-20 14:10:51
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