Forex Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
New Zealand Dollar/Hong Kong Dollar (FOREX:NZDHKD)
Long-Term Downtrend (-90) - NZDHKD is in a strong downtrend that is likely to continue. While NZDHKD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Nov 29th, 2021 at 5.3012702
The intermediate-term trend has been DOWN since Nov 10th, 2021 at 5.4837887
The short-term trend has been DOWN since Nov 16th, 2021 at 5.4562000
Smart Scan Analysis for NZDHKD
Based on our trend formula, NZDHKD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).