Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
Hong Kong Dollar/Japanese Yen (FOREX:HKDJPY)
Bear Market Rally (-75) - HKDJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDJPY as it may be in the beginning of a reversal.
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 DOWN since Dec 1st, 2022 at 17.497995
The intermediate-term trend has been DOWN since Mar 12th, 2023 at 17.091545
The short-term trend has been UP since Mar 22nd, 2023 at 16.917790
Smart Scan Analysis for HKDJPY
Based on our trend formula, HKDJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).