Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Hong Kong Dollar/Japanese Yen (FOREX:HKDJPY)
Crossroads (-60) - HKDJPY is struggling to move into a solid trend. Beware of choppy markets 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 May 17th, 2023 at 17.565115
The intermediate-term trend has been DOWN since Nov 20th, 2023 at 19.028470
The short-term trend has been DOWN since Nov 27th, 2023 at 19.100430
Smart Scan Analysis for HKDJPY
Based on our trend formula, HKDJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).