Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
US Dollar/Hong Kong Dollar (FOREX:USDHKD)
Long-Term Uptrend (+90) - USDHKD is in a strong uptrend that is likely to continue. While USDHKD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid USDHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDHKD
The long-term trend has been UP since Oct 13th, 2020 at 7.75545
The intermediate-term trend has been UP since Feb 12th, 2021 at 7.75455
The short-term trend has been UP since Feb 19th, 2021 at 7.75375
Smart Scan Analysis for USDHKD
Based on our trend formula, USDHKD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).