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.
MarketClub’s Trade Triangles for USDHKD
The long-term trend has been DOWN since Nov 20th, 2023 at 7.791275
The intermediate-term trend has been UP since Dec 4th, 2023 at 7.815850
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).