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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Hong Kong Dollar/South Korean Won (FOREX:HKDKRW)
Countertrend Up (+85) - HKDKRW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HKDKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for HKDKRW.
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 HKDKRW
The long-term trend has been UP since Mar 27th, 2024 at 172.53428
The intermediate-term trend has been UP since Mar 18th, 2024 at 170.95516
The short-term trend has been UP since May 7th, 2024 at 174.61646
Smart Scan Analysis for HKDKRW
Based on our trend formula, HKDKRW is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 174.92674 | 175.54748 | 174.50209 | 174.74927 | -0.17747 |
| Prev. Close | Volume | Bid | Ask | Time |
| 174.92674 | 2024-05-09 15:14:13 |