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Forex Trend Analysis Report

Prepared for you on Saturday, July 2, 2022.

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

Long-Term Uptrend (+90) - HKDZAR is in a strong uptrend that is likely to continue. While HKDZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
2.0818346 2.0818346 2.0818346 2.0818346 0.0000000
Entry Signal

MarketClub’s Trade Triangles for HKDZAR

long term up The long-term trend has been UP since May 2nd, 2022 at 2.0555700

intermediate term up The intermediate-term trend has been UP since Jun 12th, 2022 at 2.0287127

short term up The short-term trend has been UP since Jun 28th, 2022 at 2.0336011

Smart Scan Analysis for HKDZAR

Based on our trend formula, HKDZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for HKDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0818346 2.0818346 2.0818346 2.0818346 0.0000000
Prev. Close Volume Bid Ask Time
2.0818346 2022-07-02 09:22:17
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