Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

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

Weak Downtrend (-65) - HKDZAR is showing signs of a strengthening downtrend. Monitor HKDZAR as it may be building momentum to the downside.

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
2.3612998 2.3690250 2.3439630 2.3597662 -0.0015340
Entry Signal

MarketClub’s Trade Triangles for HKDZAR

long term down The long-term trend has been DOWN since May 6th, 2024 at 2.3514731

intermediate term up The intermediate-term trend has been UP since May 30th, 2024 at 2.3888047

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 2.4035244

Smart Scan Analysis for HKDZAR

Based on our trend formula, HKDZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for HKDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3612998 2.3690250 2.3439630 2.3597662 -0.0015340
Prev. Close Volume Bid Ask Time
2.3612998 2024-06-14 13:56:48
Get a free daily analysis and signals for Hong Kong Dollar/South African Rand (HKDZAR) - Request Your Free Report.