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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Hong Kong Dollar/US Dollar (FOREX:HKDUSD)
Sidelines Mode (+55) - HKDUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for HKDUSD
The long-term trend has been DOWN since Mar 1st, 2024 at 0.12765066
The intermediate-term trend has been UP since Apr 28th, 2024 at 0.12777667
The short-term trend has been DOWN since Apr 30th, 2024 at 0.12769843
Smart Scan Analysis for HKDUSD
Based on our trend formula, HKDUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12786506 | 0.12787650 | 0.12780288 | 0.12786400 | -0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12786506 | 2024-05-01 21:36:37 |