Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Hong Kong Dollar/US Dollar (FOREX:HKDUSD)
Long-Term Uptrend (+90) - HKDUSD is in a strong uptrend that is likely to continue. While HKDUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for HKDUSD
The long-term trend has been UP since Aug 11th, 2022 at 0.12748923
The intermediate-term trend has been UP since Aug 10th, 2022 at 0.12742433
The short-term trend has been UP since Aug 10th, 2022 at 0.12739990
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).