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Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
US Dollar/Hong Kong Dollar (FOREX:USDHKD)
Bear Market Rally (-75) - USDHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDHKD as it may be in the beginning 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.
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MarketClub’s Trade Triangles for USDHKD
The long-term trend has been DOWN since Aug 11th, 2022 at 7.843905
The intermediate-term trend has been DOWN since Aug 10th, 2022 at 7.847600
The short-term trend has been UP since Aug 16th, 2022 at 7.840750
Smart Scan Analysis for USDHKD
Based on our trend formula, USDHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.843590 | 7.844850 | 7.843450 | 7.844195 | +0.000605 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.843590 | 2022-08-18 03:56:04 |