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.
MarketClub’s Trade Triangles for JPYHKD
The long-term trend has been DOWN since Feb 5th, 2021 at 0.07337952
The intermediate-term trend has been UP since Apr 18th, 2021 at 0.07151485
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).