Free Daily Analysis

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.

FOREX_HKDUSD
Open High Low HKDUSD Price Change
0.12898982 0.12902310 0.12894824 0.12901146 +0.00002200
Entry Signal

MarketClub’s Trade Triangles for HKDUSD

long term up The long-term trend has been UP since Jun 11th, 2019 at 0.12770500

intermediate term down The intermediate-term trend has been DOWN since May 1st, 2020 at 0.12890400

short term down 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).

-50
Smart Scan Analysis for HKDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12898982 0.12902310 0.12894824 0.12901146 +0.00002200
Prev. Close Volume Bid Ask Time
0.12898982 0.12898399 0.12903892 2020-05-29 17:08:59
Get a free daily analysis and signals for Hong Kong Dollar/US Dollar (HKDUSD) - Request Your Free Report.