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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
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.
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MarketClub’s Trade Triangles for HKDAED
The long-term trend has been DOWN since Feb 29th, 2024 at 0.46917760
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 0.46915851
The short-term trend has been UP since Apr 24th, 2024 at 0.46893633
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.46906973 | 0.46924004 | 0.46902566 | 0.46918679 | +0.00011700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.46906973 | 2024-04-26 17:03:20 |