Forex Trend Analysis Report
Prepared for you on Wednesday, October 5, 2022.
Hong Kong Dollar/Japanese Yen (FOREX:HKDJPY)
Bull Market Weakness (+75) - HKDJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDJPY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HKDJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDJPY
The long-term trend has been UP since Feb 5th, 2021 at 13.628610
The intermediate-term trend has been UP since Aug 21st, 2022 at 17.490915
The short-term trend has been DOWN since Oct 3rd, 2022 at 18.369250
Smart Scan Analysis for HKDJPY
Based on our trend formula, HKDJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).