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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

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.

FOREX_HKDDKK
Open High Low HKDDKK Price Change
0.8893850 0.8916040 0.8890158 0.8906330 +0.0012480
Entry Signal

MarketClub’s Trade Triangles for HKDDKK

long term up The long-term trend has been UP since Apr 12th, 2024 at 0.8915916

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 0.8799145

short term down The short-term trend has been DOWN since Apr 17th, 2024 at 0.8930570

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).

+75
Smart Scan Analysis for HKDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8893850 0.8916040 0.8890158 0.8906330 +0.0012480
Prev. Close Volume Bid Ask Time
0.8893850 2024-04-24 10:48:02
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