Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
South African Rand/Hong Kong Dollar (FOREX:ZARHKD)
Bull Market Weakness (+75) - ZARHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARHKD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARHKD.
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 ZARHKD
The long-term trend has been UP since Jul 28th, 2023 at 0.44829817
The intermediate-term trend has been DOWN since Sep 6th, 2023 at 0.40540874
The short-term trend has been UP since Sep 20th, 2023 at 0.41367065
Smart Scan Analysis for ZARHKD
Based on our trend formula, ZARHKD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.41312551 | 0.41817198 | 0.41259165 | 0.41810096 | +0.00497500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.41312551 | 2023-09-22 10:39:52 |