Forex Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
Hong Kong Dollar/Euro (FOREX:HKDEUR)
Long-Term Downtrend (-90) - HKDEUR is in a strong downtrend that is likely to continue. While HKDEUR 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 HKDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDEUR
The long-term trend has been DOWN since Jul 14th, 2020 at 0.11297011
The intermediate-term trend has been DOWN since May 1st, 2020 at 0.11737228
The short-term trend has been DOWN since Aug 5th, 2020 at 0.10914410
Smart Scan Analysis for HKDEUR
Based on our trend formula, HKDEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).