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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.

FOREX_EURHKD
Open High Low EURHKD Price Change
9.417400 9.432200 9.409600 9.413045 -0.004355
Entry Signal

MarketClub’s Trade Triangles for EURHKD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 9.266470

intermediate term up The intermediate-term trend has been UP since Apr 13th, 2021 at 9.279000

short term up 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).

+60
Smart Scan Analysis for EURHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.417400 9.432200 9.409600 9.413045 -0.004355
Prev. Close Volume Bid Ask Time
9.417400 2021-05-12 08:38:43
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