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.
MarketClub’s Trade Triangles for HKDDKK
The long-term trend has been DOWN since Jul 14th, 2020 at 0.8422461
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.7882335
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).