Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
Hong Kong Dollar/Euro (FOREX:HKDEUR)
Long-Term Downtrend (-90) - HKDEUR is in a strong downtrend that is likely to continue. While HKDEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HKDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDEUR
The long-term trend has been DOWN since Jul 14th, 2020 at 0.11297011
The intermediate-term trend has been DOWN since Nov 6th, 2020 at 0.10860122
The short-term trend has been DOWN since Nov 23rd, 2020 at 0.10846929
Smart Scan Analysis for HKDEUR
Based on our trend formula, HKDEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).