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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.

FOREX_AUDHKD
Open High Low AUDHKD Price Change
5.999175 6.043700 5.997200 6.040552 +0.041377
Entry Signal

MarketClub’s Trade Triangles for AUDHKD

long term down The long-term trend has been DOWN since Apr 1st, 2021 at 5.86319

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2021 at 6.02490

short term up 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).

+70
Smart Scan Analysis for AUDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.999175 6.043700 5.997200 6.040552 +0.041377
Prev. Close Volume Bid Ask Time
5.999175 2021-05-06 14:30:46
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