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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.
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MarketClub’s Trade Triangles for HKDZAR
The long-term trend has been UP since Feb 7th, 2020 at 1.9358237
The intermediate-term trend has been DOWN since May 20th, 2020 at 2.3241068
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).
| 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 |