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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

New Zealand Dollar/Hong Kong Dollar (FOREX:NZDHKD)

Bear Market Rally (-75) - NZDHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDHKD as it may be in the beginning 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.

FOREX_NZDHKD
Open High Low NZDHKD Price Change
4.7694545 4.7860874 4.7682000 4.7816250 +0.0121700
Entry Signal

MarketClub’s Trade Triangles for NZDHKD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 4.7233186

intermediate term up The intermediate-term trend has been UP since May 14th, 2024 at 4.7230650

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 4.7771341

Smart Scan Analysis for NZDHKD

Based on our trend formula, NZDHKD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for NZDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.7694545 4.7860874 4.7682000 4.7816250 +0.0121700
Prev. Close Volume Bid Ask Time
4.7694545 2024-06-24 07:09:42
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