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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.

FOREX_HKDJPY
Open High Low HKDJPY Price Change
14.119750 14.128630 14.108725 14.122660 +0.002910
Entry Signal

MarketClub’s Trade Triangles for HKDJPY

long term up The long-term trend has been UP since Nov 7th, 2019 at 13.96052

intermediate term up The intermediate-term trend has been UP since Jan 9th, 2020 at 14.09400

short term down 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).

+55
Smart Scan Analysis for HKDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.119750 14.128630 14.108725 14.122660 +0.002910
Prev. Close Volume Bid Ask Time
14.119750 14.121760 14.123560 2020-02-27 00:24:55
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