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.
MarketClub’s Trade Triangles for HKDZAR
The long-term trend has been DOWN since Jul 22nd, 2020 at 2.1092650
The intermediate-term trend has been DOWN since Oct 21st, 2020 at 2.1112012
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).