Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Hong Kong Dollar/US Dollar (FOREX:HKDUSD)
Sidelines Mode (+55) - HKDUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Oct 11th, 2021 at 0.12854028
The short-term trend has been DOWN since Oct 26th, 2021 at 0.12859669
Smart Scan Analysis for HKDUSD
Based on our trend formula, HKDUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).