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Forex Trend Analysis Report

Prepared for you on Saturday, November 28, 2020.

US Dollar/Hong Kong Dollar (FOREX:USDHKD)

Weak Downtrend (-65) - USDHKD is showing signs of a strengthening downtrend. Monitor USDHKD as it may be building momentum to the downside.

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
7.75064 7.75064 7.75064 7.75064 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDHKD

long term up The long-term trend has been UP since Oct 13th, 2020 at 7.75545

intermediate term down The intermediate-term trend has been DOWN since Oct 26th, 2020 at 7.74965

short term down The short-term trend has been DOWN since Nov 20th, 2020 at 7.75167

Smart Scan Analysis for USDHKD

Based on our trend formula, USDHKD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.75064 7.75064 7.75064 7.75064 0.00000
Prev. Close Volume Bid Ask Time
7.75064 2020-11-28 08:22:25
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