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.
MarketClub’s Trade Triangles for HKDUSD
The long-term trend has been DOWN since Sep 1st, 2023 at 0.12739057
The intermediate-term trend has been UP since Sep 11th, 2023 at 0.12771719
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).