Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Hong Kong Dollar/Japanese Yen (FOREX:HKDJPY)
Long-Term Uptrend (+90) - HKDJPY is in a strong uptrend that is likely to continue. While HKDJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid HKDJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDJPY
The long-term trend has been UP since Feb 5th, 2021 at 13.628610
The intermediate-term trend has been UP since Sep 24th, 2021 at 14.204015
The short-term trend has been UP since Oct 6th, 2021 at 14.296570
Smart Scan Analysis for HKDJPY
Based on our trend formula, HKDJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).