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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Hong Kong Dollar/Swedish Krona (FOREX:HKDSEK)

Crossroads (+60) - HKDSEK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid HKDSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDSEK
Open High Low HKDSEK Price Change
1.3349924 1.3436206 1.3336161 1.3365460 +0.0015540
Entry Signal

MarketClub’s Trade Triangles for HKDSEK

long term down The long-term trend has been DOWN since Nov 15th, 2023 at 1.3477086

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 1.3299800

short term up The short-term trend has been UP since Mar 14th, 2024 at 1.3131380

Smart Scan Analysis for HKDSEK

Based on our trend formula, HKDSEK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for HKDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3349924 1.3436206 1.3336161 1.3365460 +0.0015540
Prev. Close Volume Bid Ask Time
1.3349924 2024-03-19 07:53:47
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