Forex Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
Australian Dollar/Hong Kong Dollar (FOREX:AUDHKD)
Long-Term Uptrend (+90) - AUDHKD is in a strong uptrend that is likely to continue. While AUDHKD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jun 1st, 2020 at 5.227055
The intermediate-term trend has been UP since Apr 9th, 2020 at 4.904050
The short-term trend has been UP since Aug 5th, 2020 at 5.573300
Smart Scan Analysis for AUDHKD
Based on our trend formula, AUDHKD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).