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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

US Dollar/Hong Kong Dollar (FOREX:USDHKD)

Bull Market Weakness (+75) - USDHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDHKD as it may be in the beginning stages 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
7.814365 7.817450 7.813275 7.815910 +0.001545
Entry Signal

MarketClub’s Trade Triangles for USDHKD

long term down The long-term trend has been DOWN since Nov 20th, 2023 at 7.791275

intermediate term up The intermediate-term trend has been UP since Dec 4th, 2023 at 7.815850

short term up The short-term trend has been UP since Nov 29th, 2023 at 7.799170

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
7.814365 7.817450 7.813275 7.815910 +0.001545
Prev. Close Volume Bid Ask Time
7.814365 2023-12-04 18:06:00
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