Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Hong Kong Dollar/South African Rand (FOREX:HKDZAR)
Crossroads (+60) - HKDZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jul 22nd, 2020 at 2.1092650
The intermediate-term trend has been UP since Mar 4th, 2021 at 1.9580212
The short-term trend has been UP since Mar 4th, 2021 at 1.9500413
Smart Scan Analysis for HKDZAR
Based on our trend formula, HKDZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).