Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
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.
MarketClub’s Trade Triangles for HKDZAR
The long-term trend has been UP since Jul 23rd, 2021 at 1.9096718
The intermediate-term trend has been DOWN since Oct 19th, 2021 at 1.8771080
The short-term trend has been UP since Oct 22nd, 2021 at 1.8901271
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).