Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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.
MarketClub’s Trade Triangles for HKDDKK
The long-term trend has been UP since Aug 9th, 2021 at 0.8144300
The intermediate-term trend has been UP since Sep 19th, 2021 at 0.8150556
The short-term trend has been UP since Oct 22nd, 2021 at 0.8236808
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).