Forex Trend Analysis Report
Prepared for you on Sunday, March 26, 2023.
Hong Kong Dollar/Danish Krone (FOREX:HKDDKK)
Strong Downtrend (-100) - HKDDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HKDDKK continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for HKDDKK
The long-term trend has been DOWN since Nov 15th, 2022 at 0.9143829
The intermediate-term trend has been DOWN since Mar 17th, 2023 at 0.8814896
The short-term trend has been DOWN since Mar 17th, 2023 at 0.8814896
Smart Scan Analysis for HKDDKK
Based on our trend formula, HKDDKK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).