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Forex Trend Analysis Report

Prepared for you on Saturday, February 27, 2021.

Hong Kong Dollar/Danish Krone (FOREX:HKDDKK)

Sidelines Mode (-55) - HKDDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_HKDDKK
Open High Low HKDDKK Price Change
0.7891291 0.7946659 0.7884800 0.7941400 +0.0050110
Entry Signal

MarketClub’s Trade Triangles for HKDDKK

long term down The long-term trend has been DOWN since Jul 14th, 2020 at 0.8422461

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.7882335

short term up The short-term trend has been UP since Feb 26th, 2021 at 0.7918900

Smart Scan Analysis for HKDDKK

Based on our trend formula, HKDDKK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HKDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7891291 0.7946659 0.7884800 0.7941400 +0.0050110
Prev. Close Volume Bid Ask Time
0.7891291 2021-02-26 17:11:42
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