Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
New Zealand Dollar/Hong Kong Dollar (FOREX:NZDHKD)
Countertrend Up (+85) - NZDHKD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 28th, 2023 at 4.8323704
The intermediate-term trend has been UP since Nov 14th, 2023 at 4.6965205
The short-term trend has been DOWN since Dec 5th, 2023 at 4.7982383
Smart Scan Analysis for NZDHKD
Based on our trend formula, NZDHKD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).