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Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

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

Crossroads (-60) - HKDZAR 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 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
2.2362243 2.2544067 2.2312334 2.2503482 +0.0141240
Entry Signal

MarketClub’s Trade Triangles for HKDZAR

long term up The long-term trend has been UP since Feb 7th, 2020 at 1.9358237

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 2.3241068

short term down The short-term trend has been DOWN since May 18th, 2020 at 2.3669150

Smart Scan Analysis for HKDZAR

Based on our trend formula, HKDZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HKDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2362243 2.2544067 2.2312334 2.2503482 +0.0141240
Prev. Close Volume Bid Ask Time
2.2362243 2.2497290 2.2509674 2020-05-28 11:28:23
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