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Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2024.
New Zealand Dollar/Hong Kong Dollar (FOREX:NZDHKD)
Sidelines Mode (+55) - NZDHKD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for NZDHKD
The long-term trend has been DOWN since Mar 19th, 2024 at 4.7233186
The intermediate-term trend has been UP since May 14th, 2024 at 4.7230650
The short-term trend has been DOWN since May 20th, 2024 at 4.7569000
Smart Scan Analysis for NZDHKD
Based on our trend formula, NZDHKD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.7558300 | 4.7668665 | 4.7510000 | 4.7577904 | +0.0019600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.7558300 | 2024-05-21 19:43:20 |