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.
MarketClub’s Trade Triangles for HKDNZD
The long-term trend has been UP since Apr 28th, 2022 at 0.1965055
The intermediate-term trend has been DOWN since Jul 28th, 2022 at 0.2020855
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).