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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Hong Kong Dollar/Japanese Yen (FOREX:HKDJPY)

Weak Downtrend (-65) - HKDJPY is showing signs of a strengthening downtrend. Monitor HKDJPY as it may be building momentum to the downside.

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
19.702950 19.821205 19.632010 19.694000 -0.008950
Entry Signal

MarketClub’s Trade Triangles for HKDJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 19.29549

intermediate term down The intermediate-term trend has been DOWN since Jul 15th, 2024 at 20.16106

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 20.54093

Smart Scan Analysis for HKDJPY

Based on our trend formula, HKDJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for HKDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.702950 19.821205 19.632010 19.694000 -0.008950
Prev. Close Volume Bid Ask Time
19.702950 2024-07-26 19:29:35
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