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.
MarketClub’s Trade Triangles for USDHKD
The long-term trend has been DOWN since Jun 11th, 2019 at 7.83063
The intermediate-term trend has been DOWN since Mar 10th, 2020 at 7.76463
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).