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.
MarketClub’s Trade Triangles for HKDZAR
The long-term trend has been UP since May 2nd, 2022 at 2.0555700
The intermediate-term trend has been UP since Jun 12th, 2022 at 2.0287127
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).