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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

South African Rand/Hong Kong Dollar (FOREX:ZARHKD)

Sidelines Mode (-55) - ZARHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_ZARHKD
Open High Low ZARHKD Price Change
0.47665312 0.47952308 0.47464970 0.47826486 +0.00161200
Entry Signal

MarketClub’s Trade Triangles for ZARHKD

long term down The long-term trend has been DOWN since May 2nd, 2022 at 0.48651847

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2022 at 0.47894652

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.47966453

Smart Scan Analysis for ZARHKD

Based on our trend formula, ZARHKD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for ZARHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.47665312 0.47952308 0.47464970 0.47826486 +0.00161200
Prev. Close Volume Bid Ask Time
0.47665312 2022-08-16 20:48:22
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