Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Euro/Hong Kong Dollar (FOREX:EURHKD)
Sidelines Mode (+55) - EURHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Jul 14th, 2020 at 8.852500
The intermediate-term trend has been UP since Feb 22nd, 2021 at 9.435400
The short-term trend has been DOWN since Feb 26th, 2021 at 9.390775
Smart Scan Analysis for EURHKD
Based on our trend formula, EURHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).