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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.

FOREX_NZDHKD
Open High Low NZDHKD Price Change
4.7284891 4.7332000 4.7187000 4.7215050 -0.0069840
Entry Signal

MarketClub’s Trade Triangles for NZDHKD

long term down The long-term trend has been DOWN since Feb 19th, 2020 at 4.9464000

intermediate term up The intermediate-term trend has been UP since Apr 13th, 2020 at 4.7321389

short term up 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).

+60
Smart Scan Analysis for NZDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7284891 4.7332000 4.7187000 4.7215050 -0.0069840
Prev. Close Volume Bid Ask Time
4.7284891 4.7205400 4.7224700 2020-05-25 04:13:19
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