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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

Hong Kong Dollar/South African Rand (FOREX:HKDZAR)

Strong Downtrend (-100) - HKDZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HKDZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDZAR
Open High Low HKDZAR Price Change
1.9772300 1.9824161 1.9565330 1.9584602 -0.0187700
Entry Signal

MarketClub’s Trade Triangles for HKDZAR

long term down The long-term trend has been DOWN since Jul 22nd, 2020 at 2.1092650

intermediate term down The intermediate-term trend has been DOWN since Oct 21st, 2020 at 2.1112012

short term down The short-term trend has been DOWN since Dec 3rd, 2020 at 1.9617393

Smart Scan Analysis for HKDZAR

Based on our trend formula, HKDZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for HKDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9772300 1.9824161 1.9565330 1.9584602 -0.0187700
Prev. Close Volume Bid Ask Time
1.9772300 2020-12-03 11:34:06
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