Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Hong Kong Dollar/US Dollar (FOREX:HKDUSD)
Sidelines Mode (-50) - HKDUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HKDUSD can gain momentum.
Is it time to buy, sell, or avoid HKDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HKDUSD
The long-term trend has been UP since Jun 11th, 2019 at 0.12770500
The intermediate-term trend has been DOWN since May 1st, 2020 at 0.12890400
The short-term trend has been DOWN since May 21st, 2020 at 0.12899148
Smart Scan Analysis for HKDUSD
Based on our trend formula, HKDUSD is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).