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Forex Trend Analysis Report

Prepared for you on Saturday, April 4, 2020.

US Dollar/Hong Kong Dollar (FOREX:USDHKD)

Countertrend Down (-85) - USDHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
7.75175 7.75470 7.75125 7.75230 +0.00055
Entry Signal

MarketClub’s Trade Triangles for USDHKD

long term down The long-term trend has been DOWN since Jun 11th, 2019 at 7.83063

intermediate term down The intermediate-term trend has been DOWN since Mar 10th, 2020 at 7.76463

short term up The short-term trend has been UP since Apr 3rd, 2020 at 7.75455

Smart Scan Analysis for USDHKD

Based on our trend formula, USDHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for USDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.75175 7.75470 7.75125 7.75230 +0.00055
Prev. Close Volume Bid Ask Time
7.75175 7.75190 7.75270 2020-04-03 19:57:11
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