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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Hong Kong Dollar/US Dollar (FOREX:HKDUSD)

Long-Term Downtrend (-90) - HKDUSD is in a strong downtrend that is likely to continue. While HKDUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HKDUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDUSD
Open High Low HKDUSD Price Change
0.12764953 0.12766093 0.12763812 0.12765067 +0.00000100
Entry Signal

MarketClub’s Trade Triangles for HKDUSD

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 0.12765066

intermediate term down The intermediate-term trend has been DOWN since Apr 5th, 2024 at 0.12765385

short term down The short-term trend has been DOWN since Apr 22nd, 2024 at 0.12764953

Smart Scan Analysis for HKDUSD

Based on our trend formula, HKDUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HKDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12764953 0.12766093 0.12763812 0.12765067 +0.00000100
Prev. Close Volume Bid Ask Time
0.12764953 2024-04-24 02:55:20
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