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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

US Dollar/Hong Kong Dollar (FOREX:USDHKD)

Bull Market Weakness (+75) - USDHKD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDHKD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid USDHKD?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDHKD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDHKD
Open High Low USDHKD Price Change
7.830205 7.833150 7.829325 7.830950 +0.000745
Entry Signal

MarketClub’s Trade Triangles for USDHKD

long term up The long-term trend has been UP since Apr 8th, 2024 at 7.833935

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 7.829350

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 7.832300

Smart Scan Analysis for USDHKD

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

+75
Smart Scan Analysis for USDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.830205 7.833150 7.829325 7.830950 +0.000745
Prev. Close Volume Bid Ask Time
7.830205 2024-04-18 22:16:04
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