Forex Trend Analysis Report
Prepared for you on Monday, July 4, 2022.
Hong Kong Dollar/Japanese Yen (FOREX:HKDJPY)
Countertrend Up (+85) - HKDJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 13.62861
The intermediate-term trend has been UP since Jun 5th, 2022 at 16.69342
The short-term trend has been DOWN since Jul 1st, 2022 at 17.21485
Smart Scan Analysis for HKDJPY
Based on our trend formula, HKDJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).