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Forex Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

Hong Kong Dollar/US Dollar (FOREX:HKDUSD)

Bear Market Rally (-75) - HKDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDUSD as it may be in the beginning of a reversal.

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
0.12777185 0.12786416 0.12768004 0.12769517 -0.00007700
Entry Signal

MarketClub’s Trade Triangles for HKDUSD

long term down The long-term trend has been DOWN since Sep 1st, 2023 at 0.12739057

intermediate term up The intermediate-term trend has been UP since Sep 11th, 2023 at 0.12771719

short term down The short-term trend has been DOWN since Sep 27th, 2023 at 0.12781431

Smart Scan Analysis for HKDUSD

Based on our trend formula, HKDUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for HKDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12777185 0.12786416 0.12768004 0.12769517 -0.00007700
Prev. Close Volume Bid Ask Time
0.12777185 2023-09-28 21:10:43
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