Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
Hong Kong Dollar/Japanese Yen (FOREX:HKDJPY)
Sidelines Mode (+55) - HKDJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Nov 7th, 2019 at 13.96052
The intermediate-term trend has been UP since Jan 9th, 2020 at 14.09400
The short-term trend has been DOWN since Feb 24th, 2020 at 14.16000
Smart Scan Analysis for HKDJPY
Based on our trend formula, HKDJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).