Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Hong Kong Dollar/Euro (FOREX:HKDEUR)
Sidelines Mode (-55) - HKDEUR 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 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 UP since Mar 19th, 2020 at 0.11934050
The intermediate-term trend has been DOWN since May 1st, 2020 at 0.11737228
The short-term trend has been UP since May 22nd, 2020 at 0.11828301
Smart Scan Analysis for HKDEUR
Based on our trend formula, HKDEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).