Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
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 Mar 7th, 2023 at 2.3590298
The intermediate-term trend has been DOWN since Mar 23rd, 2023 at 2.2993590
The short-term trend has been DOWN since Mar 29th, 2023 at 2.3101180
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).