Forex Trend Analysis Report
Prepared for you on Thursday, July 9, 2020.
Hong Kong Dollar/South African Rand (FOREX:HKDZAR)
Weak Downtrend (-65) - HKDZAR is showing signs of a strengthening downtrend. Monitor HKDZAR as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for HKDZAR
The long-term trend has been UP since Feb 7th, 2020 at 1.9358237
The intermediate-term trend has been DOWN since May 20th, 2020 at 2.3241068
The short-term trend has been DOWN since Jul 1st, 2020 at 2.2044674
Smart Scan Analysis for HKDZAR
Based on our trend formula, HKDZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).