Forex Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
Hong Kong Dollar/Indian Rupee (FOREX:HKDINR)
Sidelines Mode (-55) - HKDINR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for HKDINR
The long-term trend has been DOWN since Jul 5th, 2020 at 9.618546
The intermediate-term trend has been UP since Feb 26th, 2021 at 9.441957
The short-term trend has been DOWN since Mar 3rd, 2021 at 9.432556
Smart Scan Analysis for HKDINR
Based on our trend formula, HKDINR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).