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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hong Kong Dollar/Danish Krone (FOREX:HKDDKK)
Bull Market Weakness (+75) - HKDDKK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HKDDKK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HKDDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDDKK.
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 HKDDKK
The long-term trend has been UP since Apr 12th, 2024 at 0.8915916
The intermediate-term trend has been UP since Mar 27th, 2024 at 0.8799145
The short-term trend has been UP since May 8th, 2024 at 0.8885521
Smart Scan Analysis for HKDDKK
Based on our trend formula, HKDDKK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8878500 | 0.8897727 | 0.8876454 | 0.8889248 | +0.0010750 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8878500 | 2024-05-09 06:49:07 |