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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

Japanese Yen/Hong Kong Dollar (FOREX:JPYHKD)

Sidelines Mode (+50) - JPYHKD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until JPYHKD can gain momentum.

Is it time to buy, sell, or avoid JPYHKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYHKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYHKD
Open High Low JPYHKD Price Change
0.07136688 0.07140430 0.07134113 0.07139904 +0.00003200
Entry Signal

MarketClub’s Trade Triangles for JPYHKD

long term down The long-term trend has been DOWN since Feb 5th, 2021 at 0.07337952

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2021 at 0.07151485

short term up The short-term trend has been UP since Apr 5th, 2021 at 0.07044129

Smart Scan Analysis for JPYHKD

Based on our trend formula, JPYHKD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for JPYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07136688 0.07140430 0.07134113 0.07139904 +0.00003200
Prev. Close Volume Bid Ask Time
0.07136688 2021-05-12 03:04:51
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