Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Hong Kong Dollar/South African Rand (FOREX:HKDZAR)

Long-Term Uptrend (+90) - HKDZAR is in a strong uptrend that is likely to continue. While HKDZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid HKDZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	HKDZAR Price	Change
2.3871540	2.4148638	2.3852576	2.4078050	+0.0206510
Entry Signal

MarketClub’s Trade Triangles for HKDZAR

The long-term trend has been UP since Oct 3rd, 2023 at 2.4653420

The intermediate-term trend has been UP since Nov 22nd, 2023 at 2.4215170

The short-term trend has been UP since Nov 30th, 2023 at 2.4198424

Smart Scan Analysis for HKDZAR

Based on our trend formula, HKDZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
2.3871540	2.4148638	2.3852576	2.4078050	+0.0206510
Prev. Close	Volume	Bid	Ask	Time
2.3871540				2023-12-04 15:57:27

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