Forex Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
Hong Kong Dollar/South African Rand (FOREX:HKDZAR)
Bull Market Weakness (+75) - HKDZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDZAR as it may be in the beginning stages of a reversal.
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 UP since Oct 3rd, 2023 at 2.4653420
The intermediate-term trend has been UP since Nov 22nd, 2023 at 2.4215170
The short-term trend has been UP since Nov 30th, 2023 at 2.4198424
Smart Scan Analysis for HKDZAR
Based on our trend formula, HKDZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).