Forex Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

Hong Kong Dollar/Japanese Yen (FOREX:HKDJPY)

Bear Market Rally (-75) - HKDJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDJPY as it may be in the beginning of a reversal.

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.

Open	High	Low	HKDJPY Price	Change
16.613570	16.674450	16.516185	16.654920	+0.041350
Entry Signal

MarketClub’s Trade Triangles for HKDJPY

The long-term trend has been DOWN since Dec 1st, 2022 at 17.497995

The intermediate-term trend has been DOWN since Mar 12th, 2023 at 17.091545

The short-term trend has been UP since Mar 22nd, 2023 at 16.917790

Smart Scan Analysis for HKDJPY

Based on our trend formula, HKDJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
16.613570	16.674450	16.516185	16.654920	+0.041350
Prev. Close	Volume	Bid	Ask	Time
16.613570				2023-03-24 15:11:37

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