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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2024.

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

Bear Market Rally (-75) - HKDZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDZAR as it may be in the beginning 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.

FOREX_HKDZAR
Open High Low HKDZAR Price Change
2.3160092 2.3174879 2.3155795 2.3156852 -0.0003240
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 Nov 11th, 2024 at 2.2993750

short term down The short-term trend has been DOWN since Nov 29th, 2024 at 2.3177670

Smart Scan Analysis for HKDZAR

Based on our trend formula, HKDZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for HKDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3160092 2.3174879 2.3155795 2.3156852 -0.0003240
Prev. Close Volume Bid Ask Time
2.3160092 2024-12-07 17:34:00
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