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Forex Trend Analysis Report

Prepared for you on Sunday, May 26, 2024.

Japanese Yen/Hong Kong Dollar (FOREX:JPYHKD)

Long-Term Downtrend (-90) - JPYHKD is in a strong downtrend that is likely to continue. While JPYHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid JPYHKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYHKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYHKD
Open High Low JPYHKD Price Change
0.04975756 0.04980682 0.04974339 0.04976945 +0.00001200
Entry Signal

MarketClub’s Trade Triangles for JPYHKD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.05182513

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.05186952

short term down The short-term trend has been DOWN since May 20th, 2024 at 0.05001773

Smart Scan Analysis for JPYHKD

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

-90
Smart Scan Analysis for JPYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04975756 0.04980682 0.04974339 0.04976945 +0.00001200
Prev. Close Volume Bid Ask Time
0.04975756 2024-05-26 16:45:03
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