Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, August 10, 2022.

Hong Kong Dollar/Danish Krone (FOREX:HKDDKK)

Crossroads (-60) - HKDDKK is struggling to move into a solid trend. Beware of choppy markets 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
0.9280850 0.9293002 0.9274421 0.9282741 +0.0001890
Entry Signal

MarketClub’s Trade Triangles for HKDDKK

long term up The long-term trend has been UP since Aug 9th, 2021 at 0.8144300

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2022 at 0.9230465

short term down The short-term trend has been DOWN since Aug 9th, 2022 at 0.9257415

Smart Scan Analysis for HKDDKK

Based on our trend formula, HKDDKK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HKDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9280850 0.9293002 0.9274421 0.9282741 +0.0001890
Prev. Close Volume Bid Ask Time
0.9280850 2022-08-10 03:17:45
Get a free daily analysis and signals for Hong Kong Dollar/Danish Krone (HKDDKK) - Request Your Free Report.