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Forex Trend Analysis Report

Prepared for you on Tuesday, March 9, 2021.

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
1.9963080 1.9972106 1.9721618 1.9776600 -0.0186480
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 up The intermediate-term trend has been UP since Mar 4th, 2021 at 1.9580212

short term up The short-term trend has been UP since Mar 4th, 2021 at 1.9500413

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
1.9963080 1.9972106 1.9721618 1.9776600 -0.0186480
Prev. Close Volume Bid Ask Time
1.9963080 2021-03-09 05:25:37
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