Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Hong Kong Dollar/United Arab Emirates Dirham (FOREX:HKDAED)
Sidelines Mode (+55) - HKDAED 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 HKDAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDAED
The long-term trend has been DOWN since Sep 3rd, 2020 at 0.47365281
The intermediate-term trend has been UP since Nov 29th, 2020 at 0.47391994
The short-term trend has been DOWN since Nov 30th, 2020 at 0.47385631
Smart Scan Analysis for HKDAED
Based on our trend formula, HKDAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).