Forex Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
New Zealand Dollar/Hong Kong Dollar (FOREX:NZDHKD)
Bull Market Weakness (+75) - NZDHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDHKD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NZDHKD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDHKD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDHKD
The long-term trend has been UP since Jun 4th, 2020 at 5.0096700
The intermediate-term trend has been UP since Apr 13th, 2020 at 4.7321389
The short-term trend has been UP since Aug 5th, 2020 at 5.1538000
Smart Scan Analysis for NZDHKD
Based on our trend formula, NZDHKD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).