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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Hong Kong Dollar/US Dollar (FOREX:HKDUSD)

Countertrend Down (-85) - HKDUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.12780116 0.12782632 0.12776075 0.12777348 -0.00002800
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 Jan 10th, 2024 at 0.12783218

short term up The short-term trend has been UP since Mar 27th, 2024 at 0.12790690

Smart Scan Analysis for HKDUSD

Based on our trend formula, HKDUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for HKDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12780116 0.12782632 0.12776075 0.12777348 -0.00002800
Prev. Close Volume Bid Ask Time
0.12780116 2024-03-28 14:35:18
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