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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Hong Kong Dollar/US Dollar (FOREX:HKDUSD)
Sidelines Mode (+50) - HKDUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HKDUSD can gain momentum.
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.
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MarketClub’s Trade Triangles for HKDUSD
The long-term trend has been DOWN since Dec 25th, 2024 at 0.12806025
The intermediate-term trend has been UP since Dec 26th, 2024 at 0.12887273
The short-term trend has been UP since Jan 20th, 2025 at 0.12850316
Smart Scan Analysis for HKDUSD
Based on our trend formula, HKDUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12849746 | 0.12853743 | 0.12845124 | 0.12853700 | +0.00004000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12849746 | 2025-01-20 09:49:13 |