Forex Trend Analysis Report
Prepared for you on Friday, October 22, 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 UP since Apr 1st, 2021 at 0.1705555
The intermediate-term trend has been DOWN since Oct 10th, 2021 at 0.1755080
The short-term trend has been UP since Oct 18th, 2021 at 0.1741090
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).