Free Daily Analysis

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.

FOREX_USDHKD
Open High Low USDHKD Price Change
7.760305 7.765200 7.759810 7.763970 +0.003665
Entry Signal

MarketClub’s Trade Triangles for USDHKD

long term up The long-term trend has been UP since Oct 13th, 2020 at 7.75545

intermediate term up The intermediate-term trend has been UP since Feb 12th, 2021 at 7.75455

short term up 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).

+90
Smart Scan Analysis for USDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.760305 7.765200 7.759810 7.763970 +0.003665
Prev. Close Volume Bid Ask Time
7.760305 2021-03-05 09:07:47
Get a free daily analysis and signals for US Dollar/Hong Kong Dollar (USDHKD) - Request Your Free Report.