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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

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

Long-Term Downtrend (-90) - HKDZAR is in a strong downtrend that is likely to continue. While HKDZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_HKDZAR
Open High Low HKDZAR Price Change
2.3017661 2.3017661 2.3017661 2.3017661 0.0000000
Entry Signal

MarketClub’s Trade Triangles for HKDZAR

long term down The long-term trend has been DOWN since May 6th, 2024 at 2.3514731

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2024 at 2.3321933

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 2.4035244

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
Smart Scan Analysis for HKDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3017661 2.3017661 2.3017661 2.3017661 0.0000000
Prev. Close Volume Bid Ask Time
2.3017661 2024-06-22 00:10:48
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