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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
US Dollar/Hong Kong Dollar (FOREX:USDHKD)
Sidelines Mode (-55) - USDHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for USDHKD
The long-term trend has been DOWN since May 2nd, 2024 at 7.81404
The intermediate-term trend has been DOWN since Sep 22nd, 2024 at 7.78823
The short-term trend has been UP since Oct 24th, 2024 at 7.77475
Smart Scan Analysis for USDHKD
Based on our trend formula, USDHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.77035 | 7.77035 | 7.77035 | 7.77035 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.77035 | 2024-10-26 04:46:24 |