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Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
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.
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MarketClub’s Trade Triangles for USDHKD
The long-term trend has been UP since Oct 13th, 2020 at 7.75545
The intermediate-term trend has been DOWN since Oct 26th, 2020 at 7.74965
The short-term trend has been DOWN since Nov 20th, 2020 at 7.75167
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.751900 | 7.752150 | 7.751335 | 7.751480 | -0.000420 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.751900 | 2020-11-24 04:38:11 |