Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

Hong Kong Dollar/Indian Rupee (FOREX:HKDINR)

Sidelines Mode (-50) - HKDINR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HKDINR can gain momentum.

Is it time to buy, sell, or avoid HKDINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDINR
Open High Low HKDINR Price Change
10.484033 10.501206 10.472128 10.473623 -0.010410
Entry Signal

MarketClub’s Trade Triangles for HKDINR

long term up The long-term trend has been UP since Mar 6th, 2022 at 9.793507

intermediate term down The intermediate-term trend has been DOWN since Mar 2nd, 2023 at 10.479648

short term down The short-term trend has been DOWN since Mar 23rd, 2023 at 10.477644

Smart Scan Analysis for HKDINR

Based on our trend formula, HKDINR is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for HKDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.484033 10.501206 10.472128 10.473623 -0.010410
Prev. Close Volume Bid Ask Time
10.484033 2023-03-27 15:37:03
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