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Forex Trend Analysis Report

Prepared for you on Sunday, June 23, 2024.

Euro/Hong Kong Dollar (FOREX:EURHKD)

Strong Downtrend (-100) - EURHKD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURHKD continues to fall. Traders should use caution and set stops.

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
8.3487 8.3487 8.3487 8.3487 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURHKD

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 8.36182

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2024 at 8.43272

short term down The short-term trend has been DOWN since Jun 21st, 2024 at 8.35180

Smart Scan Analysis for EURHKD

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

-100
Smart Scan Analysis for EURHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.3487 8.3487 8.3487 8.3487 0.0000
Prev. Close Volume Bid Ask Time
8.3487 2024-06-23 05:01:11
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