Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
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 Mar 19th, 2020 at 0.8914600
The intermediate-term trend has been UP since Mar 18th, 2020 at 0.8867736
The short-term trend has been DOWN since Apr 7th, 2020 at 0.8877163
Smart Scan Analysis for HKDDKK
Based on our trend formula, HKDDKK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).