Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Australian Dollar/Hong Kong Dollar (FOREX:AUDHKD)
Bull Market Weakness (+75) - AUDHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AUDHKD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid AUDHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDHKD
The long-term trend has been DOWN since Apr 1st, 2021 at 5.86319
The intermediate-term trend has been UP since Apr 15th, 2021 at 6.02490
The short-term trend has been UP since Apr 14th, 2021 at 5.95700
Smart Scan Analysis for AUDHKD
Based on our trend formula, AUDHKD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).