Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Euro/Hong Kong Dollar (FOREX:EURHKD)
Crossroads (+60) - EURHKD is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for EURHKD
The long-term trend has been DOWN since Mar 5th, 2021 at 9.266470
The intermediate-term trend has been UP since Apr 13th, 2021 at 9.279000
The short-term trend has been UP since Apr 19th, 2021 at 9.372145
Smart Scan Analysis for EURHKD
Based on our trend formula, EURHKD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).