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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

US Dollar/Hong Kong Dollar (FOREX:USDHKD)

Bear Market Rally (-75) - USDHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDHKD as it may be in the beginning of a reversal.

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.

FOREX_USDHKD
Open High Low USDHKD Price Change
7.843590 7.844850 7.843450 7.844195 +0.000605
Entry Signal

MarketClub’s Trade Triangles for USDHKD

long term down The long-term trend has been DOWN since Aug 11th, 2022 at 7.843905

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2022 at 7.847600

short term up The short-term trend has been UP since Aug 16th, 2022 at 7.840750

Smart Scan Analysis for USDHKD

Based on our trend formula, USDHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for USDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.843590 7.844850 7.843450 7.844195 +0.000605
Prev. Close Volume Bid Ask Time
7.843590 2022-08-18 03:56:04
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