Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Hong Kong Dollar/Indian Rupee (FOREX:HKDINR)

Crossroads (+60) - HKDINR 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 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
10.668681 10.687594 10.662045 10.681390 +0.012709
Entry Signal

MarketClub’s Trade Triangles for HKDINR

long term down The long-term trend has been DOWN since Mar 4th, 2024 at 10.560461

intermediate term up The intermediate-term trend has been UP since Mar 11th, 2024 at 10.643413

short term up The short-term trend has been UP since Apr 10th, 2024 at 10.641622

Smart Scan Analysis for HKDINR

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

+60
Smart Scan Analysis for HKDINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.668681 10.687594 10.662045 10.681390 +0.012709
Prev. Close Volume Bid Ask Time
10.668681 2024-04-16 16:03:20
Get a free daily analysis and signals for Hong Kong Dollar/Indian Rupee (HKDINR) - Request Your Free Report.