Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Hong Kong Dollar/United Arab Emirates Dirham (FOREX:HKDAED)
Crossroads (+60) - HKDAED 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 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 Mar 1st, 2021 at 0.47348643
The intermediate-term trend has been UP since Oct 11th, 2021 at 0.47209068
The short-term trend has been UP since Oct 7th, 2021 at 0.47179759
Smart Scan Analysis for HKDAED
Based on our trend formula, HKDAED is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).