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Forex Trend Analysis Report

Prepared for you on Wednesday, May 27, 2020.

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

Weak Downtrend (-65) - HKDNZD is showing signs of a strengthening downtrend. Monitor HKDNZD as it may be building momentum to the downside.

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
0.2082260 0.2096365 0.2069970 0.2083910 +0.0001650
Entry Signal

MarketClub’s Trade Triangles for HKDNZD

long term up The long-term trend has been UP since Feb 19th, 2020 at 0.20213300

intermediate term down The intermediate-term trend has been DOWN since Apr 13th, 2020 at 0.21135327

short term down The short-term trend has been DOWN since May 18th, 2020 at 0.21443500

Smart Scan Analysis for HKDNZD

Based on our trend formula, HKDNZD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for HKDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.2082260 0.2096365 0.2069970 0.2083910 +0.0001650
Prev. Close Volume Bid Ask Time
0.2082260 0.2083540 0.2084280 2020-05-27 22:01:13
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