Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Hong Kong Dollar/New Zealand Dollar (FOREX:HKDNZD)
Strong Downtrend (-100) - HKDNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Oct 22nd, 2020 at 0.19309929
The short-term trend has been DOWN since Nov 3rd, 2020 at 0.19332150
Smart Scan Analysis for HKDNZD
Based on our trend formula, HKDNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).