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.
MarketClub’s Trade Triangles for HKDNZD
The long-term trend has been UP since Feb 19th, 2020 at 0.20213300
The intermediate-term trend has been DOWN since Apr 13th, 2020 at 0.21135327
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).