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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.

FOREX_NZDHKD
Open High Low NZDHKD Price Change
5.1680000 5.1756517 5.1176000 5.1234250 -0.0445750
Entry Signal

MarketClub’s Trade Triangles for NZDHKD

long term up The long-term trend has been UP since Jun 4th, 2020 at 5.0096700

intermediate term up The intermediate-term trend has been UP since Apr 13th, 2020 at 4.7321389

short term up 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).

+70
Smart Scan Analysis for NZDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1680000 5.1756517 5.1176000 5.1234250 -0.0445750
Prev. Close Volume Bid Ask Time
5.1680000 5.1225600 5.1242900 2020-08-07 12:19:00
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