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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
US Dollar/Hong Kong Dollar (FOREX:USDHKD)
Countertrend Down (-85) - USDHKD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for USDHKD
The long-term trend has been DOWN since May 2nd, 2024 at 7.814040
The intermediate-term trend has been DOWN since Dec 8th, 2024 at 7.778635
The short-term trend has been UP since Dec 19th, 2024 at 7.776750
Smart Scan Analysis for USDHKD
Based on our trend formula, USDHKD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.77915 | 7.77915 | 7.77495 | 7.77495 | -0.00420 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.77915 | 2024-12-21 08:47:22 |