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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Euro/Hong Kong Dollar (FOREX:EURHKD)
Sidelines Mode (+50) - EURHKD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURHKD can gain momentum.
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.
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MarketClub’s Trade Triangles for EURHKD
The long-term trend has been DOWN since Oct 23rd, 2024 at 8.368200
The intermediate-term trend has been UP since Nov 5th, 2024 at 8.502585
The short-term trend has been UP since Dec 25th, 2024 at 8.120780
Smart Scan Analysis for EURHKD
Based on our trend formula, EURHKD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.077130 | 8.081300 | 8.071000 | 8.078735 | +0.001605 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.077130 | 2024-12-26 05:24:31 |