Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

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

Crossroads (-60) - ZARHKD is struggling to move into a solid trend. Beware of choppy markets 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.

Open	High	Low	ZARHKD Price	Change
0.40681997	0.40799415	0.40602994	0.40680924	-0.00001100
Entry Signal

MarketClub’s Trade Triangles for ZARHKD

The long-term trend has been UP since Dec 21st, 2023 at 0.43503496

The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.40949270

The short-term trend has been DOWN since Apr 10th, 2024 at 0.41757904

Smart Scan Analysis for ZARHKD

Based on our trend formula, ZARHKD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.40681997	0.40799415	0.40602994	0.40680924	-0.00001100
Prev. Close	Volume	Bid	Ask	Time
0.40681997				2024-04-19 01:45:47

Get a free daily analysis and signals for South African Rand/Hong Kong Dollar (ZARHKD) - Request Your Free Report.