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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Euro/Hong Kong Dollar (FOREX:EURHKD)

Sidelines Mode (+55) - EURHKD 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 EURHKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURHKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURHKD
Open High Low EURHKD Price Change
9.367850 9.382100 9.332545 9.348850 -0.019000
Entry Signal

MarketClub’s Trade Triangles for EURHKD

long term up The long-term trend has been UP since Jul 14th, 2020 at 8.852500

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2021 at 9.435400

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 9.390775

Smart Scan Analysis for EURHKD

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

+55
Smart Scan Analysis for EURHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.367850 9.382100 9.332545 9.348850 -0.019000
Prev. Close Volume Bid Ask Time
9.367850 2021-03-01 06:15:35
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