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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.

FOREX_HKDJPY
Open High Low HKDJPY Price Change
17.22741 17.32618 17.21343 17.31989 +0.09248
Entry Signal

MarketClub’s Trade Triangles for HKDJPY

long term up The long-term trend has been UP since Feb 5th, 2021 at 13.62861

intermediate term up The intermediate-term trend has been UP since Jun 5th, 2022 at 16.69342

short term down 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).

+85
Smart Scan Analysis for HKDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.22741 17.32618 17.21343 17.31989 +0.09248
Prev. Close Volume Bid Ask Time
17.22741 2022-07-04 20:23:46
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