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Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2025.
Hong Kong Dollar/South African Rand (FOREX:HKDZAR)
Sidelines Mode (+55) - HKDZAR 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 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.
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MarketClub’s Trade Triangles for HKDZAR
The long-term trend has been UP since Dec 18th, 2024 at 2.3628500
The intermediate-term trend has been UP since Dec 18th, 2024 at 2.3472848
The short-term trend has been DOWN since Jan 14th, 2025 at 2.4301269
Smart Scan Analysis for HKDZAR
Based on our trend formula, HKDZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.4000399 | 2.4000399 | 2.4000399 | 2.4000399 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.4000399 | 2025-01-19 02:35:49 |