Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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.
MarketClub’s Trade Triangles for HKDNZD
The long-term trend has been DOWN since Jun 4th, 2020 at 0.19961350
The intermediate-term trend has been DOWN since Dec 29th, 2020 at 0.17973192
The short-term trend has been UP since Feb 26th, 2021 at 0.17651150
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).