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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

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

Weak Downtrend (-65) - NZDHKD is showing signs of a strengthening downtrend. Monitor NZDHKD as it may be building momentum to the downside.

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
5.5621400 5.5686362 5.5198550 5.5265250 -0.0356150
Entry Signal

MarketClub’s Trade Triangles for NZDHKD

long term up The long-term trend has been UP since Jun 4th, 2020 at 5.00967

intermediate term down The intermediate-term trend has been DOWN since Mar 5th, 2021 at 5.54904

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 5.66530

Smart Scan Analysis for NZDHKD

Based on our trend formula, NZDHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NZDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.5621400 5.5686362 5.5198550 5.5265250 -0.0356150
Prev. Close Volume Bid Ask Time
5.5621400 2021-03-08 19:48:12
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