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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hong Kong Dollar/Indian Rupee (FOREX:HKDINR)
Long-Term Uptrend (+90) - HKDINR is in a strong uptrend that is likely to continue. While HKDINR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid HKDINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDINR.
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 HKDINR
The long-term trend has been UP since Apr 30th, 2024 at 10.708792
The intermediate-term trend has been UP since Mar 11th, 2024 at 10.643413
The short-term trend has been UP since May 6th, 2024 at 10.681623
Smart Scan Analysis for HKDINR
Based on our trend formula, HKDINR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.678826 | 10.685297 | 10.672625 | 10.681283 | +0.002457 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.678826 | 2024-05-09 09:24:41 |