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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2024.

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
7.806100 7.810335 7.805950 7.807350 +0.001250
Entry Signal

MarketClub’s Trade Triangles for USDHKD

long term down The long-term trend has been DOWN since May 2nd, 2024 at 7.814040

intermediate term up The intermediate-term trend has been UP since Jun 3rd, 2024 at 7.824150

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 7.805605

Smart Scan Analysis for USDHKD

Based on our trend formula, USDHKD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for USDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.806100 7.810335 7.805950 7.807350 +0.001250
Prev. Close Volume Bid Ask Time
7.806100 2024-07-17 18:41:43
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