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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for HKDINR
The long-term trend has been UP since Apr 30th, 2024 at 10.708792
The intermediate-term trend has been DOWN since Nov 4th, 2024 at 10.796121
The short-term trend has been DOWN since Nov 12th, 2024 at 10.846240
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.844492 | 10.846998 | 10.840605 | 10.843928 | -0.000564 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.844492 | 2024-11-20 03:27:23 |