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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

Hong Kong Dollar/Euro (FOREX:HKDEUR)

Crossroads (-60) - HKDEUR is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_HKDEUR
Open High Low HKDEUR Price Change
0.1180965 0.1181705 0.1178120 0.1180230 -0.0000730
Entry Signal

MarketClub’s Trade Triangles for HKDEUR

long term up The long-term trend has been UP since Apr 12th, 2024 at 0.11960006

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 0.11836050

short term down The short-term trend has been DOWN since May 13th, 2024 at 0.11859443

Smart Scan Analysis for HKDEUR

Based on our trend formula, HKDEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HKDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1180965 0.1181705 0.1178120 0.1180230 -0.0000730
Prev. Close Volume Bid Ask Time
0.1180965 2024-05-21 09:20:57
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