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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Japanese Yen/Hong Kong Dollar (FOREX:JPYHKD)

Sidelines Mode (+55) - JPYHKD 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 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
0.05227418 0.05230213 0.05197670 0.05201626 -0.00025800
Entry Signal

MarketClub’s Trade Triangles for JPYHKD

long term up The long-term trend has been UP since Dec 7th, 2023 at 0.05429763

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 0.05250717

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 0.05284465

Smart Scan Analysis for JPYHKD

Based on our trend formula, JPYHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for JPYHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05227418 0.05230213 0.05197670 0.05201626 -0.00025800
Prev. Close Volume Bid Ask Time
0.05227418 2024-03-19 04:38:22
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