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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

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

Crossroads (-60) - HKDNZD 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 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
0.1985545 0.1992795 0.1984635 0.1991115 +0.0005570
Entry Signal

MarketClub’s Trade Triangles for HKDNZD

long term up The long-term trend has been UP since Apr 28th, 2022 at 0.1965055

intermediate term down The intermediate-term trend has been DOWN since Jul 28th, 2022 at 0.2020855

short term down The short-term trend has been DOWN since Aug 10th, 2022 at 0.2020775

Smart Scan Analysis for HKDNZD

Based on our trend formula, HKDNZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HKDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1985545 0.1992795 0.1984635 0.1991115 +0.0005570
Prev. Close Volume Bid Ask Time
0.1985545 2022-08-15 03:01:47
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