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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

US Dollar/Hong Kong Dollar (FOREX:USDHKD)

Weak Downtrend (-65) - USDHKD is showing signs of a strengthening downtrend. Monitor USDHKD as it may be building momentum to the downside.

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
7.77355 7.77355 7.77355 7.77355 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDHKD

long term up The long-term trend has been UP since Oct 13th, 2020 at 7.755450

intermediate term down The intermediate-term trend has been DOWN since Oct 11th, 2021 at 7.779665

short term down The short-term trend has been DOWN since Oct 8th, 2021 at 7.784165

Smart Scan Analysis for USDHKD

Based on our trend formula, USDHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.77355 7.77355 7.77355 7.77355 0.00000
Prev. Close Volume Bid Ask Time
7.77355 2021-10-23 16:53:51
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