Forex Trend Analysis Report
Prepared for you on Monday, May 25, 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.
MarketClub’s Trade Triangles for HKDJPY
The long-term trend has been DOWN since Mar 1st, 2020 at 13.79300
The intermediate-term trend has been UP since May 19th, 2020 at 13.90516
The short-term trend has been DOWN since May 22nd, 2020 at 13.85000
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).