Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
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.
MarketClub’s Trade Triangles for HKDUSD
The long-term trend has been DOWN since Oct 13th, 2020 at 0.12893992
The intermediate-term trend has been DOWN since Feb 12th, 2021 at 0.12895821
The short-term trend has been DOWN since Feb 19th, 2021 at 0.12896985
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).