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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.

FOREX_HKDJPY
Open High Low HKDJPY Price Change
16.613570 16.674450 16.516185 16.654920 +0.041350
Entry Signal

MarketClub’s Trade Triangles for HKDJPY

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 17.497995

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2023 at 17.091545

short term up 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).

-75
Smart Scan Analysis for HKDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.613570 16.674450 16.516185 16.654920 +0.041350
Prev. Close Volume Bid Ask Time
16.613570 2023-03-24 15:11:37
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