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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Hong Kong Dollar/US Dollar (FOREX:HKDUSD)
Crossroads (-60) - HKDUSD is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for HKDUSD
The long-term trend has been UP since May 2nd, 2024 at 0.12801085
The intermediate-term trend has been DOWN since Nov 14th, 2024 at 0.12848363
The short-term trend has been DOWN since Nov 11th, 2024 at 0.12859503
Smart Scan Analysis for HKDUSD
Based on our trend formula, HKDUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12848268 | 0.12851300 | 0.12847938 | 0.12849919 | +0.00001700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12848268 | 2024-11-20 03:50:44 |