Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Hong Kong Dollar/New Zealand Dollar (FOREX:HKDNZD)
Countertrend Down (-85) - HKDNZD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid HKDNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDNZD
The long-term trend has been DOWN since Oct 19th, 2021 at 0.17942329
The intermediate-term trend has been DOWN since Oct 17th, 2021 at 0.18166200
The short-term trend has been UP since Oct 13th, 2021 at 0.18566900
Smart Scan Analysis for HKDNZD
Based on our trend formula, HKDNZD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).