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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Euro/Hong Kong Dollar (FOREX:EURHKD)
Countertrend Up (+85) - EURHKD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jul 17th, 2024 at 8.5372
The intermediate-term trend has been UP since Jul 5th, 2024 at 8.4747
The short-term trend has been DOWN since Jul 19th, 2024 at 8.4855
Smart Scan Analysis for EURHKD
Based on our trend formula, EURHKD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.47677 | 8.48800 | 8.46270 | 8.48600 | +0.00923 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.47677 | 2024-07-26 20:25:01 |