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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Hong Kong Dollar/Australian Dollar (FOREX:HKDAUD)

Sidelines Mode (-55) - HKDAUD 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 HKDAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDAUD
Open High Low HKDAUD Price Change
0.1957060 0.1963110 0.1954165 0.1962505 +0.0005450
Entry Signal

MarketClub’s Trade Triangles for HKDAUD

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 0.19217550

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2024 at 0.19386072

short term up The short-term trend has been UP since Mar 12th, 2024 at 0.19386000

Smart Scan Analysis for HKDAUD

Based on our trend formula, HKDAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HKDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1957060 0.1963110 0.1954165 0.1962505 +0.0005450
Prev. Close Volume Bid Ask Time
0.1957060 2024-03-19 03:17:35
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