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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Hong Kong Dollar/New Zealand Dollar (FOREX:HKDNZD)

Sidelines Mode (+55) - HKDNZD 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 HKDNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDNZD
Open High Low HKDNZD Price Change
0.2082142 0.2082142 0.2082142 0.2082142 0.0000000
Entry Signal

MarketClub’s Trade Triangles for HKDNZD

long term up The long-term trend has been UP since Mar 19th, 2024 at 0.21171850

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 0.21172700

short term up The short-term trend has been UP since Jun 14th, 2024 at 0.20928806

Smart Scan Analysis for HKDNZD

Based on our trend formula, HKDNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HKDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.2082142 0.2082142 0.2082142 0.2082142 0.0000000
Prev. Close Volume Bid Ask Time
0.2082142 2024-06-16 01:35:26
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