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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Hong Kong Dollar/New Zealand Dollar (FOREX:HKDNZD)
Countertrend Up (+85) - HKDNZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for HKDNZD
The long-term trend has been UP since Nov 14th, 2024 at 0.2198770
The intermediate-term trend has been UP since Oct 7th, 2024 at 0.2094845
The short-term trend has been DOWN since Nov 18th, 2024 at 0.2184830
Smart Scan Analysis for HKDNZD
Based on our trend formula, HKDNZD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21746250 | 0.21820555 | 0.21738950 | 0.21808500 | +0.00062200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21746250 | 2024-11-20 03:30:26 |