Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Hong Kong Dollar (FOREX:USDHKD)
Bear Market Rally (-75) - USDHKD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDHKD as it may be in the beginning 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.
|
|||||||||||||||
|
|||||||||||||||
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 Jul 22nd, 2024 at 7.803780
The short-term trend has been UP since Jul 23rd, 2024 at 7.811425
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.806925 | 7.808495 | 7.802250 | 7.806750 | -0.000175 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.806925 | 2024-07-26 19:59:56 |