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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Hong Kong Dollar/Danish Krone (FOREX:HKDDKK)
Countertrend Up (+85) - HKDDKK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for HKDDKK
The long-term trend has been UP since Oct 23rd, 2024 at 0.8912897
The intermediate-term trend has been UP since Nov 6th, 2024 at 0.8943969
The short-term trend has been DOWN since Nov 18th, 2024 at 0.9045784
Smart Scan Analysis for HKDDKK
Based on our trend formula, HKDDKK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9049019 | 0.9073019 | 0.9046110 | 0.9066017 | +0.0017000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9049019 | 2024-11-20 03:37:08 |