Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
New Zealand Dollar/Hong Kong Dollar (FOREX:NZDHKD)
Crossroads (+60) - NZDHKD 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 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.
MarketClub’s Trade Triangles for NZDHKD
The long-term trend has been DOWN since Feb 19th, 2020 at 4.9464000
The intermediate-term trend has been UP since Apr 13th, 2020 at 4.7321389
The short-term trend has been UP since May 18th, 2020 at 4.6637422
Smart Scan Analysis for NZDHKD
Based on our trend formula, NZDHKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).