Forex Trend Analysis Report
Prepared for you on Saturday, June 25, 2022.
Hong Kong Dollar/US Dollar (FOREX:HKDUSD)
Bear Market Rally (-75) - HKDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HKDUSD as it may be in the beginning of a reversal.
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 DOWN since Oct 13th, 2020 at 0.12893992
The intermediate-term trend has been DOWN since Jun 17th, 2022 at 0.12738448
The short-term trend has been UP since Jun 22nd, 2022 at 0.12740014
Smart Scan Analysis for HKDUSD
Based on our trend formula, HKDUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).