Forex Trend Analysis Report
Prepared for you on Monday, July 13, 2020.
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 Jun 4th, 2020 at 0.19961350
The intermediate-term trend has been DOWN since Apr 13th, 2020 at 0.21135327
The short-term trend has been UP since Jun 30th, 2020 at 0.20150400
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).