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Forex Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

Hong Kong Dollar/United Arab Emirates Dirham (FOREX:HKDAED)

Long-Term Downtrend (-90) - HKDAED is in a strong downtrend that is likely to continue. While HKDAED is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_HKDAED
Open High Low HKDAED Price Change
0.46904922 0.46906710 0.46881841 0.46889737 -0.00015200
Entry Signal

MarketClub’s Trade Triangles for HKDAED

long term down The long-term trend has been DOWN since Feb 29th, 2024 at 0.46917760

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 0.46915851

short term down The short-term trend has been DOWN since Apr 19th, 2024 at 0.46887109

Smart Scan Analysis for HKDAED

Based on our trend formula, HKDAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HKDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.46904922 0.46906710 0.46881841 0.46889737 -0.00015200
Prev. Close Volume Bid Ask Time
0.46904922 2024-04-19 17:02:38
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