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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

New Zealand Dollar/Hong Kong Dollar (FOREX:NZDHKD)

Long-Term Downtrend (-90) - NZDHKD is in a strong downtrend that is likely to continue. While NZDHKD 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 NZDHKD?

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

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

FOREX_NZDHKD
Open High Low NZDHKD Price Change
4.6370096 4.6409000 4.6252000 4.6360750 -0.0009350
Entry Signal

MarketClub’s Trade Triangles for NZDHKD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 4.7233186

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 4.7483000

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 4.6974000

Smart Scan Analysis for NZDHKD

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

-90
Smart Scan Analysis for NZDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6370096 4.6409000 4.6252000 4.6360750 -0.0009350
Prev. Close Volume Bid Ask Time
4.6370096 2024-04-23 09:36:51
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